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Mathematics, 19.02.2022 14:00 chloeethoma24

An account with an initial balance of $5,000.00 and a 2% interest
rate has a balance of $5,100.92 at
the end of one year. What is the
effective annual yield?
A 2.02
B. 2%
C. 1.98%
D. 98.02%

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Answers: 1

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An account with an initial balance of $5,000.00 and a 2% interest
rate has a balance of $5,...
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