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The Annual Percentage Yield (APY) on an Account with $180

Question 25

Multiple Choice

The annual percentage yield (APY) on an account with $180.10 annual interest earned and a daily average balance of $1702.11 would be:


A) 10.58%
B) .1058%
C) 10.9%
D) 8.41%
E) None of the above

Correct Answer:

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