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Lucia's bank offers a savings account with a 1.9% APR, compounded monthly. What is the actual percentage yield on this account?
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3 votes
Lucia's bank offers a savings account with a 1.9% APR, compounded monthly. What is the actual percentage yield on this account?

User Matt Cowley
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2 Answers

3 votes

Answer: 1.92%

Step-by-step explanation:

{Apex }

User Jibsteroos
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7 votes
I've taken this quiz, 1.92% is the right answer.
User Kmanzana
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