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Marcia has a compound interest savings account that she initially deposited $1,300 that has an annual interest rate of 4.6% annual and is compounded monthly.

Marcia has a compound interest savings account that she initially deposited $1,300 that has an annual interest rate of 4.6% annual and is compounded monthly. What is the APY (annual percentage yield) for this account. Enter the number that is rounded to two decimal places followed by the percent sign. No space in between the number and the percent sign. Example: 3.27%

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