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An Investment Is Made in an Account That Pays 9

Question 92

Multiple Choice

An investment is made in an account that pays 9.25%, compounded daily. What is the effective yield for this investment? Round your answer to two decimal places.


A) 9.69%
B) 9.46%
C) 9.65%
D) 9.58%
E) 9.25%

Correct Answer:

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