Question

If u put 2500 in an account at an annual rate of 5.6 with interest compounded annually, what is annual percentage yield

Answer 1

5.6%

Explanation:

The computation of the annual percentage yield is shown below:

Given that

Initial investment amount is 2,500

And, there is an annual rate of interest i.e. 5.6%

Since we have to determine the annual percentage yield i.e. equivalent to the annual rate of interest i.e. 5.6%

Hence, the above represent the answer