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Huong deposits $2,000 into an account that earns 4.2% interest compounded daily.What is the annual percentage yield (APY)to the nearest hundredth of a percent?
Financial Statements
Formal records of the financial activities and position of a business, person, or other entity.
Investment Value
The worth of an asset or company to a particular investor, considering individual investment requirements and expectations.
Securities
Investment tools reflecting a stake in a publicly-listed company, a lending agreement with corporate or government entities (bonds), or the possession of options indicating a claim to ownership.
Past Performance
The historical returns or results of an investment, used as an indicator but not a guarantee of future outcomes.
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