\title{Using Mathematics to Understand Our World}

Oct 11, 2003 · APY stands for annual percentage yield and is the percentage increase of the principal in a year's time. 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 ... ................
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