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Calculate the Annual Percentage Yield (APY) on an account that has a stated interest rate of...

Calculate the Annual Percentage Yield (APY) on an account that has a stated interest rate of 5.1% . Presume your account you deposit 6,900 a year for the next 45 years. Calculate the value of your portfolio when the interest is compounded yearly, quarterly, monthly, and daily.

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ALL ANSWERS ARE CALCULATED USING FINANCIAL FORMULA. NO EXCEL FUNCTION IS USED. ALL FORMULAS ARE SHOWN

jeff jeffy answered 1 month ago
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