Suppose you saw an advertisement in the newspaper for a financial planner who was recommending a certificate
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Suppose you saw an advertisement in the newspaper for a financial planner who was recommending a certificate of deposit that paid 4.5% interest compounded quarterly. In the fine print at the bottom of the advertisement, it stated that the APY on the CD was 4.58%. Was this advertisement accurate? Explain.
If necessary, round all dollar figures to the nearest cent and round percents to the nearest hundredth of a percent.
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Related Book For 
A Survey of Mathematics with Applications
ISBN: 978-0134112107
10th edition
Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde
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