Solution-If the apr of a savings account is 48 and interest

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If the APR of a savings account is 4.8% and interest is compounded monthly, what is the approximate APY of the account?

A. 10.49%

B. 4.91%

C. 1.05%

D. 4%

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If the apr of a savings account is 48 and interest is : if the apr of a savings account is 4.8 and interest is compounded monthly what is the approximate apy of the account?a.

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