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What is the APY for an account that has an annual interest rate of 3.16% and is compounded daily ( n=365) ? APY=(1+nr)n1 Round your

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What is the APY for an account that has an annual interest rate of 3.16% and is compounded daily ( n=365) ? APY=(1+nr)n1 Round your answer to the hundredth of a percent. Input only the number. Example 5.36

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