What is the apy of a savings account with an apr of 3.9886% and compounded quarterly.

The APY of the saving account is 4.048656%

Step-by-step explanation:

We know the formula for APY which is given by

here, r= interset rate =  3.9886% = 0.039886

n = compounding cycles = 4

On plugging these values in the above formula, we get

On simplifying this we get

APY = 0.04048656 =4.048656%

a. -0.3 > -0.33

saving = more money

step-by-step explanation:

if you have 100 bucks, and you want to buy a candy bar, even if you have one at home, if you choose not to buy it, you save.

~courtney