document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1167060>Question 1167060</A>: <I><SPAN STYLE=\"word-break: break-all;\"> find the annual percentage yield if a bank offers an APR of 3.2% compounded monthly.<BR>\n" );
document.write( "I am trying to help my daughter with her homework and I feel really silly because I cannot do this.  Thank you </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #791635 by </B><A HREF=/tutors/aboutme.mpl?userid=math_helper><B>math_helper(2461)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=math_helper><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=math_helper><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=791635\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <br><BR>\n" );
document.write( "APY = <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+%281%2Br%29%5En+-+1+ ALIGN=MIDDLE  ALT=\"+%281%2Br%29%5En+-+1+\"   DISABLED_style= \"max-width:90%; height:auto;\" >  <BR>\n" );
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document.write( "where <BR>\n" );
document.write( "n = number of periods<BR>\n" );
document.write( "r = periodic rate (here, it is 3.2%/12 = 0.032/12 = 0.0026667)<BR>\n" );
document.write( "<br>\r<BR>\n" );
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document.write( "APY = <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+%281%2B0.0026667%29%5E12+-+1+ ALIGN=MIDDLE  ALT=\"+%281%2B0.0026667%29%5E12+-+1+\"   DISABLED_style= \"max-width:90%; height:auto;\" > = 0.03247  or  3.25%  to two decimal places.   \r<BR>\n" );
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