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Question 10 (1 point) Garrett deposits 54000. Determine the APY if there is an APR of 2.5% compounded quarterly. Round your answer to the nearest

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Question 10 (1 point) Garrett deposits 54000. Determine the APY if there is an APR of 2.5% compounded quarterly. Round your answer to the nearest hundredth of a percent, if necessary. Formulas Simple Interest Formula PE Compound Interest Formula A - P(1+3) Continuous Compound Interest Formula Per Annual Percentage Vield (APY) APY + :] 100%

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