You deposit that $1000 into an account with APR = 5.5%. Find the APY with the given types of interest. Round all answers to the nearest hundredth of a percent.
a) Find the APY using simple interest.
b) Find the APY with quarterly compounding.
c) Find the APY with monthly compounding.
d) Find the APY with daily compounding.
e) Find the APY with compounding every second!
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