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Consider the following insurance company options. Company 1 : pays 4.1% compounded monthly on the cash value of their polides Company 2: pays 4.12% compounded

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Consider the following insurance company options. Company 1 : pays 4.1% compounded monthly on the cash value of their polides Company 2: pays 4.12% compounded semiannually on the cash value of their polkies What is the APY offered by each company? (Round your answers to the nearest hundiedth Company 1 Company 2 Which company offers a higher vield? Company 1 Company 2 (Round vour arawer to tho decinal places.) x Consider the following insurance company options. Company 1 : pays 4.1% compounded monthly on the cash value of their polides Company 2: pays 4.12% compounded semiannually on the cash value of their polkies What is the APY offered by each company? (Round your answers to the nearest hundiedth Company 1 Company 2 Which company offers a higher vield? Company 1 Company 2 (Round vour arawer to tho decinal places.) x

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