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Find the APY for an APR of 7.4% compounded (a) yearly, (b) semi-annually, (c) monthly, and (d) continuously (a) The APY for an APR of
Find the APY for an APR of 7.4% compounded (a) yearly, (b) semi-annually, (c) monthly, and (d) continuously (a) The APY for an APR of 7.4% compounded yearly is 1%. (Do not round until the final answer. Then round to the nearest hundredth as needed.) (b) The APY for an APR of 7.4% compounded semi-annually is 96. (Do not round until the final answer. Then round to the nearest hundredth as needed.) (c) The APY for an APR of 7.4% compounded monthly is 96. (Do not round until the final answer. Then round to the nearest hundredth as needed.) (d) The APY for an APR of 7.4% compounded continuously is (Do not round until the final answer. Then round to the nearest hundredth as needed.)
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