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The APR of Estell's savings account is 4.5%, but interest is compounded only once a year. What is they APY of Estell's savings account?
A. Greater than 4.5%
B. Greater than 1% but less than 4.5%
C. 1%
D. 4.5%

Respuesta :

The correct answer between all the choices given is the last choice or letter D, which is 4.5%. I am hoping that this answer has satisfied your query and it will be able to help you in your endeavor, and if you would like, feel free to ask another question.

Answer:

4.5 apex

Step-by-step explanation: