insurance company options. Company 1: pays 4.6% compounded monthly on the cash value of their policies Company 2: pays 4.62% compounded semiannually on the cash value of their policies What is the APY offered by each company? (Round your answers to the nearest hundredth.) What is the APY offered by each company? (Round your answers to the nearest hundredth.) Company 1 x % Company 2 x % Which company offers a higher yield?

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A: Thanks for the question :)And your upvote will be really appreciable ;)

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A: topic - interest