An account with an initial balance
of $5,000.00 and a 2% interest
rate has a balance of $5,...
Mathematics, 19.02.2022 14:00 chloeethoma24
An account with an initial balance
of $5,000.00 and a 2% interest
rate has a balance of $5,100.92 at
the end of one year. What is the
effective annual yield?
A 2.02
B. 2%
C. 1.98%
D. 98.02%
Answers: 1
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