Assume george invests 83497 in a 2 year cd with an annual


Assume George invests $83,497 in a 2 year CD with an Annual (Nominal) Interest Rate of 3.8% and 4 compoundings per year. Calculate the APY (Annual Percentage Yield/Effective Rate). Enter your response rounded to the nearest thousandth percent.

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Finance Basics: Assume george invests 83497 in a 2 year cd with an annual
Reference No:- TGS0610832

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