Mathematics, 26.11.2019 02:31, mia6291

Suppose you saw an advertisement in the
newspaper for a financial planner who was
recommending a cd that paid 4.5% interest
compounded quarterly. in the fine print at the
bottom of the advertisement, it stated that the
apy on the cd was 4.58%. was this
advertisement accurate? explain.

Answers: 1

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Suppose you saw an advertisement in the newspaper for a financial planner who was recommending a cd that paid 4.5% interest compounded quarterly. in the fine print at the bottom of the advertisement, it stated that the apy on the cd was 4.58%. was this advertisement accurate? explain.

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Other questions on the subject: Mathematics

Questions in other subjects:

Suppose you saw an advertisement in the
newspaper for a financial planner who was
recommending a cd that paid 4.5% interest
compounded quarterly. in the fine print at the
bottom of the advertisement, it stated that the
apy on the cd was 4.58%. was this
advertisement accurate? explain.