Question: Question 2 4 pts Use the APY formula required by the Truth in Savings Act for the following calculation. Suppose that a customer holds a
Question 2 4 pts Use the APY formula required by the Truth in Savings Act for the following calculation. Suppose that a customer holds a savings deposit in a savings bank for a year. The balance in the account stood at $2,006 for 180 days and depositor $22.93 in interest earnings for the year, what APY did this customer receive? (Report your answer in number rather than in %; keep four decimal places. e.g. report 0.0103 rather than 1.03%) Question 3 3 pts
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