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17. [-/1 Points) DETAILS MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER This exercise is designed to be solved using technology such as calculators or computer

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17. [-/1 Points) DETAILS MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER This exercise is designed to be solved using technology such as calculators or computer spreadsheets. Suppose a CD advertises an APY of 5.1%. Assuming that the APY was a result of monthly compounding, solve the equation 0.051= (+972)" - 1 to find the APR. Note: This can also be solved without technology, using algebra. (Round your answer to two decimal places.) % eBook

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