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or each of the following accounts, give the growth factor per compounding period, then give the annual growth factor and the annual percent hange (APY)

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or each of the following accounts, give the growth factor per compounding period, then give the annual growth factor and the annual percent hange (APY) a. Account A has a 5% APR compounded monthly. i. Monthly growth factor: 1.0041 ii. Annual growth factor: 1.0511 ili. APY: 5 12 Preview Preview Preview b. Account B has a 3 6% APR compounded daily. Assume there are 365 days the year. i. Daily growth factor: 1.009863 i. Annual growth factor ii. APY Preview Preview % Preview

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