Question: The annual percentage yield is %. (Do not round until the final answer. Then round to two decimal places as needed.) Find the annual percentage

The annual percentage yield is
%.
(Do not round until the final answer. Then round to two decimal places as needed.)
Find the annual percentage yield (APY) in the following situation.
A bank offers an APR of 4.71% compounded monthly.
The annual percentage yield is % ?
(Do not round until the final answer. Then round to two decimal places as needed.)

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