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Suppose that your saving account earns interest at an APR of 1.8%, compounded daily. Determine the annual percentage yield (APY) of your saving account.

Suppose that your saving account earns interest at an APR of 1.8%, compounded daily. Determine the annual percentage yield (APY) of your saving account.
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Suppose that your saving account earns interest at an APR of 1.8%, compounded daily. Determine the annual percentage yield (APY) of your saving account.

User Puneet Gupta
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1 Answer

1 vote
Apr is 1.8% , compound daily
The annual percentage yield of your saving account will be 1.82%
User Sadiq
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