Mathematics, 07.09.2019 22:10 srichard9955

The annual interest rater, when compounded more than once a year, results in a slightly higher yearly interest rate. this is called the annual for effective) yield and denoted as y. find the annual yield as a percentage, given the annual interest rate and the compounding frequency annual interest rate of 4.1%, compounded quarterly the effective annual yield is % (type an integer or a decimal rounded to the nearest thousandth as needed.)

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The annual interest rater, when compounded more than once a year, results in a slightly higher yearl...