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

User Pylander
by
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2 Answers

2 votes

Answer:1.9%

Explanation: because

User Kalanidhi
by
6.6k points
3 votes
The answer is 1.92% -apex
User Ninetiger
by
7.2k points
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