1 Answer

Klein Mioke · Answer 1 · 2021-02-22T05:07:31+0000

Answer:

The effective yield is 2.269% to the thousandth.

Explanation:

Effective annual yield compounded quarterly, given API

(1+API/4)^4 - 1

= (1+0.0225/4)^4 - 1

= 0.022691

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