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An Investment Is Made in an Account That Pays 10

Question 132

Multiple Choice

An investment is made in an account that pays 10%, compounded monthly. What is the effective yield for this investment? Round your answer to two decimal places.


A) 10.52%
B) 10.00%
C) 10.38%
D) 10.25%
E) 10.47%

Correct Answer:

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