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A three-year CD can be purchased at a bank for $3000 with an APR of 5.53% that is compounded quarterly . So that you can

A three-year CD can be purchased at a bank for $3000 with an APR of 5.53% that is compounded quarterly. So that you can compare this opportunity to a CD available at some other bank, calculate the APY. (Round your answer to the nearest hundredth of a percent.)

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