Hi, 

APR of a savings account is 7.2% and interest is compounded monthly

APY  =  = .0744 OR % 

RELATED QUESTIONS

A bank features a savings account that has an annual percentage rate of 2.7 % with... (answered by ikleyn)

Savings account A and savings account B both offer APRs of 2%, but savings account A... (answered by solver91311)

A bank features a savings account that has an annual percentage rate of  
3.2 % with... (answered by Boreal)

Holly is making monthly contributions of of $330 to her savings account which pays... (answered by Theo)

A bank features a savings account that has an annual percentage rate of 4.6 % with... (answered by greenestamps)

A bank features a savings account that has an annual percentage rate of 5.9 % with... (answered by Boreal)

Over 2 years, how much more does $2000 in a savings account with an APR of 5.2%... (answered by TimothyLamb)

A deposit of $2400 in a savings account reaches a balance of $3174.03 after 7 years. The... (answered by Theo)

Anne and Michael both put $5000 in a savings account. Anne gets 8% APR compounded... (answered by rfer)