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Mathematics, 17.04.2021 08:20 codie1103

Solve the problem. Round to the nearest tenth of a percent. A passbook savings account has a rate of 7%. Find the effective annual yield if the interest is compounded monthly.

Group of answer choices

7.2%

7.1%

7.3%

7%

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Solve the problem. Round to the nearest tenth of a percent. A passbook savings account has a rate o...
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