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Do not round until the final answer, then round to two decimal place as needed Find the annual percentage yield (APY) in the following situation.

Do not round until the final answer, then round to two decimal place as needed

Find the annual percentage yield (APY) in the following situation. A bank offers an APR of 3.5% compounded daily. The annual percentage yield is %. (Do not round until the final answer. Then round to two decimal places as needed.)

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