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eain? (Round wour answer to two decimal ploces:) Consider the following insurance company options. Company 1: pays 4.5% compounded monthly on the cash value of

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eain? (Round wour answer to two decimal ploces:) Consider the following insurance company options. Company 1: pays 4.5\% compounded monthly on the cash value of their policies Company 2: pays 4.52% compounded semiannually on the cash value thes policles What is the APY offered by each company? (Round your answers to the nearest hundredth.) Company 1 Company? Which compary offers a higher yiekd? Company 1 Company 2

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