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7. Brady deposits $2,000 into an account that earns 4.2% interest compounded daily. What is...

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7. Brady deposits $2,000 into an account that earns 4.2% interest compounded daily. What is the annual percentage yield (APY) to the nearest hundredth of a percent? A. 1.04% r=.042 D. 50% B. 4.29% E. 64.11% C. 4.56%

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