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QUESTION
Find the annual percentage yield (APY) in the following situation.A bank offers an APR of 6.7 % compounded daily. The annual percentage yield is____...
Find the annual percentage yield (APY) in the following situation. A bank offers an APR of 6.7% compounded daily. The annual percentage yield is ____ %.
(Do not round until the final answer. Then round to two decimal places as needed.)
