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Consider an account with an APR of 6 8%. Find he APY with quarterly compounding monthly compounding, and daily compounding omme or owc ang g
Consider an account with an APR of 6 8%. Find he APY with quarterly compounding monthly compounding, and daily compounding omme or owc ang g e compounding penod a ects he annual e When interest is compounded quarterly, the APY is L (Do not round until the final answer. Then round to two decimal places as needed) When interest is compounded monthly, the APY is-%. (Do not round until the final answer. Then round to two decimal places as needed.) When interest is compounded daily, the APY is 0%. (Do not round until the final answer. Then round to two decimal places as needed.) How does changing the number of compounding periods affect the annual yield? O A. Increasing the number of compounding periods does not affect the annual yield. O B. Increasing the number of compounding periods decreases the annual yield. C. Increasing the number of compounding periods increases the annual yield. O D. The effect from changing the number of compounding periods on the annual yield cannot be determined
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