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27-04-2024
Mathematics

Answered

An account has a rate of 2.2%. Find the effective annual yield if the interest is compounded 1000 times per year.

The effective annual yield is
%.
(Round to the nearest hundredth as needed.)

An account has a rate of 22 Find the effective annual yield if the interest is compounded 1000 times per year The effective annual yield is Round to the nearest class=

Answer :

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