Mathematics, 03.09.2020 23:01 iamthepantaloon8357

Suppose you saw an advertisement in the newspaper for a financial planner who was recommending a certificate of deposit that paid 4.4% interest compounded semiannually. In the fine print at the bottom of the advertisement, it stated that the APY on the CD was 4.45%. Was this advertisement accurate? Explain. APY on the CD was 4.45%. Was this advertisement accurate? Explain. Select the correct choice below and, if necessary, fill in the answer box to complete your choice. A. No. The APY is incorrect. The correct APY is nothing %. (Round to the nearest hundredth as needed.) B. No. The number of compounding periods is incorrect. Interest should be compounded daily. C. Yes. The information in the advertisement is accurate.

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