Find the annual percentage yield (APY) in the following situation. A bank offers an APR of 6.5% compounded daily. The annual percentage yield is \%. (Do not round until the final answer. Then round to two decimal places as needed.) Find the annual percentage yield (APY) in the following situation. A bank offers an APR of 4.06% compounded monthly. The annual percentage yield is %. (Do not round until the final answer. Then round to two decimal places as needed.) Use the formula for continuous compounding to compute the balance in the account after 1,5 , and 20 years. Also, find the APY for the account. A $8000 deposit in an account with an APR of 3.5% The balance in the account after 1 year is approximately $ (Round to the nearest cent as needed.)