[Solved] Gary carries an average balance of $4,000

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Gary carries an average balance of $4,000 in his checking account. The bank pays 0.75% annual interest on the average balance, compounded monthly, and charges

Gary carries an average balance of $4,000 in his checking account. The bank pays 0.75% annual interest on the average balance, compounded monthly, and charges a monthly fee of $5. After adjusting for the monthly fee, the APY on this account will be?

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