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Find the annual percentage yield for an investment that earns 6 per year compounded monthly...

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Algebra

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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    See Answer
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