document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1182604>Question 1182604</A>: <I><SPAN STYLE=\"word-break: break-all;\"> What is the annual percentage yield (APY) for money invested at an annual rate of \r<BR>\n" );
document.write( "\n" );
document.write( "A 4.87% compounded monthly?<BR>\n" );
document.write( "B 4.88% compounded quarterly?\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "What is the annual percentage yield (APY) for money invested at an annual rate of 4.87% compounded monthly?\r<BR>\n" );
document.write( "\n" );
document.write( "APY is %? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #812747 by </B><A HREF=/tutors/aboutme.mpl?userid=Boreal><B>Boreal(15235)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Boreal><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=Boreal><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=812747\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> a. This is (1+(.0487)/12))^12-1 or 0.0498, 4.98%<BR>\n" );
document.write( "b. This is (1+(.0488/4))^4-1 or 0.0497, 4.97% </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );