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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 237 times)

Metfan725

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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 5%. Find the effective annual yield if the interest is compounded daily.
◦ 5.3%
◦ 5%
◦ 5.6%
◦ 5.1%

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 7%. Find the effective annual yield if the interest is compounded 1000 times per year.
◦ 7.2%
◦ 7.3%
◦ 6.5%
◦ 7.6%


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Marked as best answer by Metfan725 on Feb 2, 2020

asdfasdf

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Metfan725

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


DylanD1323

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

 

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