Calculate the annual percentage yield apy on an account, Financial Management

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Calculate the annual percentage yield apy on an account

Calculate the Annual Percentage Yield (APY) on an account that has a stated interest rate of 6.4%. Presume your account you deposit $8,000 a year for the next 45 years. Calculate the value of your portfolio when the interest is compounded yearly, quarterly, monthly, and daily.

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Financial Management: Calculate the annual percentage yield apy on an account

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