\title{Using Mathematics to Understand Our World}

Oct 11, 2003 · Normally, unless the interest is compounded only annually, the APY is a bit larger than the nominal rate. Task 2: What is the APY for the 8% savings account above? I checked out Wells Fargo and found out that they give a whopping 2.23\% interest rate for accounts between $10,000 and $25,000, compounded quarterly. ................
................