# What is the APY for money invested at each rate? (A) 13% compounded quarterly (B) 12% compounded continuously (A) APY_____ (Round to three decimal places as needed.)

QUESTION POSTED AT 01/06/2020 - 04:43 PM

QUESTION POSTED AT 01/06/2020 - 04:43 PM

13% compounded quarterly=(1+.13/4)^4-1=.13647=13.647%

12% compounded continuously=e^.12 -1=.1275=12.75%

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12% compounded continuously=e^.12 -1=.1275=12.75%

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