kokobyacob8 kokobyacob8

11-10-2022
Mathematics

contestada

Vlad deposits $1,500 into an account that earns 5.1% interest compounded daily.
Which expression below will correctly calculate his annual percentage yield (APY)?
A. 1,500 �1 + 0.051
365 �
365

B. 1,500 �1 + 0.051
365 �
365
− 1

C. �1 + 0.051
365 �
365
− 1
D. �1 + 0.051
365 �

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