Final answer:
To find the annual yield as a percentage for money invested at an annual rate of 4.62% compounded monthly, we can use the formula for compound interest.
Step-by-step explanation:
To find the annual yield as a percentage for money invested at an annual rate of 4.62% compounded monthly, we can use the formula for compound interest:
Annual Yield = (1 + (Interest Rate / Number of Compounding Periods)) ^ Number of Compounding Periods - 1
Plugging in the values, we have:
Annual Yield = (1 + (0.0462 / 12))^12 - 1
Annual Yield = 0.0480 or 4.80%
Therefore, the correct answer is d) 4.80%.