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For each of the following accounts, give the growth factor per compounding period, then give the annual growth factor and the annual percent change (APY).

For each of the following accounts, give the growth factor per compounding period, then give the annual growth factor and the annual percent change (APY).

A.

5% APR compounded monthly. Monthly growth factor: Annual growth factor: APY: %

B.

6.7% APR compounded quarterly. Quarterly growth factor: Annual growth factor: APY: %

C.

3.2% APR compounded daily. Daily growth factor: Annual growth factor: APY: %

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