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A bank features a savings account that has an annual percentage rate of 2.1 % with interest compounded quarterly. Malachi deposits $7,500 into the account.

image text in transcribed A bank features a savings account that has an annual percentage rate of 2.1 % with interest compounded quarterly. Malachi deposits $7,500 into the account. What is the annual percentage yield (APY) for the savings account? A P Y = A P Y = %. Round to the nearest hundredth of a percent.

A bank features a savings account that has an annual percentage rate of 2.1% with interest compounded quarterly. Malachi deposits $7,500 into the account. What is the annual percentage yield (APY) for the savings account? APY= \%. Round to the nearest hundredth of a percent

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