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A bank offers an APR of 3.14% on an account that is componded annually. awhat is the annual percentage yield?
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A bank offers an APR of 3.14% on an account that is componded annually. awhat is the annual percentage yield?

User Joe The Person
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1 Answer

4 votes

I think the answer is 3.768

Not entirely sure without more info.

0.314 × 12mo = 3.768

User Mkalafut
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