Solve the Problem. -Find the Annual Percentage Yield If the Interest Rate Is

question 226

Multiple Choice

Solve the problem.
-Find the annual percentage yield if the interest rate is 10.0% and interest is compounded daily (n = 365) .

• A) 10.77%
• B) 11.02%
• C) 10.52%
• D) 10.27%

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