Find the annual percentage yield for an investment that earns 6 per year compounded monthly...
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Algebra
Find the annual percentage yield for an investment that earns 6 per year compounded monthly Round your answer to two decimal places
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To find the annual percentage yield APY for an investment that earns 6 per year compounded monthly you can use the following formula APY left1 fracrnrightnt 1 Where r annual interest rate
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