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A bank features a savings account that has an annual percentage rate of 4.3 % with interest compounded daily(excluding lean years). Jack deposits $7,000.00 into

A bank features a savings account that has an annual percentage rate of 4.3 % with interest compounded daily(excluding lean years). Jack deposits $7,000.00 into the account.

a] How much money will Jack have int the account in 7 months ?

b] What is the annual percentage yield(APY) for the savings account ?

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