Mathematics, 14.07.2019 06:10 moningersavannah

You invest $1600 in an account paying 5% interest compounded daily. what is the account's effective annual yield? assume 360 days in a year.
the account's effective annual yield is % (round to two decimal places as needed)

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More questions: Mathematics Another questions

You invest $1600 in an account paying 5% interest compounded daily. what is the account's effective annual yield? assume 360 days in a year. the account's effective annual yield is % (round to two decimal places as needed)

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Another question on Mathematics

You invest $1600 in an account paying 5% interest compounded daily. what is the account's effective annual yield? assume 360 days in a year.
the account's effective annual yield is % (round to two decimal places as needed)