Mathematics, 08.09.2019 05:10 iamjenng9330
Apassbook saving account has a rate of 6%. find the effective annual yield, rounded to the nearest tenth of a percent, if the interest is compounded
a. semianually
b. quarterly
c. monthly
d. daily( assume 360 days in a year)
e. 1000 times a year
f. 1 times per year
Answers: 2
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Apassbook saving account has a rate of 6%. find the effective annual yield, rounded to the nearest t...
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