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If the apy of a savings account is

29/04/2021 Client: muhammad11 Deadline: 2 Day

Rob deposits $1,000 in a savings account at New York State Bank that pays 4.4% interest, compounded monthly.
a. How much is in his account at the end of one year?
b. What is the APY for this account to the nearest hundredth of a percent?

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