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Author Question: Solve the problem. Round to the nearest tenth of a percent. A = PntP = A = PertY = n - 1A passbook ... (Read 160 times)

burchfield96

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on: Feb 2, 2020

Question 1

Solve the problem. Round to the nearest tenth of a percent.

A = PntP = A = PertY = n - 1

A passbook savings account has a rate of 6%. Find the effective annual yield if the interest is compounded monthly.
◦ 6.3%
◦ 6.2%
◦ 6.1%
◦ 6%

Question 2

Solve the problem. Round to the nearest tenth of a percent.

A = PntP = A = PertY = n - 1

A passbook savings account has a rate of 6.6%. Find the effective annual yield if the interest is compounded semiannually.
◦ 6.8%
◦ 6.6%
◦ 6.7%
◦ 6.5%
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Marked as best answer by burchfield96 on Feb 2, 2020

soda0602

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Reply #1 on: Feb 2, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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burchfield96

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Reply 2 on: Feb 2, 2020
Great answer, keep it coming :)

pangili4

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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