A credit union pays 539 nominal interest on its savings, Finance Basics

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A credit union pays 539 nominal interest on its savings

Question: A credit union pays 5.39% nominal interest on its savings accounts. If the credit union compounds interest daily, what is the annual percentage yield (APY) of a savings account at the credit union? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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