An investment pays 6% interest compounded weekly. What percent, as a decimal, is the effective annual yield?

asked Jan 5, 2023 230k views

25 votes

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3 votes

Answer:

Is it .06

I just learned that when you have a percent and you want it to be a decimal, always move % 2 places to the left .

Kjam answered Jan 9, 2023

by Kjam

5.4k points

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