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Author Question: Find the APY for an APR of 4.5% compounded continuously. (Read 21 times)

lidoalex

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Question 1

A bank offers a 3.75% annual interest rate compounded monthly. The APY is approximately.
◦ 3.8212%
◦ 3.8151%
◦ 3.8031%
◦ 3.7852%
◦ 3.7500%

Question 2

Find the APY for an APR of 4.5% compounded continuously.
◦ 4.5940%
◦ 4.5506%
◦ 4.5765%
◦ 4.6028%
◦ 4.5000%


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Marked as best answer by lidoalex on May 5, 2020

kilada

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lidoalex

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Reply 2 on: May 5, 2020
Thanks for the timely response, appreciate it


robbielu01

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Reply 3 on: Yesterday
Wow, this really help

 

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