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10-07-2017
Business

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If your APR is 2.1% , compound monthly. What is the actual annual percentage yield on this account?

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Aliwohaish12 Aliwohaish12

10-07-2017

the actual annual percentage yield on this account is

R=(1+0.021÷12)^(12)−1
R=0.0212 × 100
R=2.12%

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