Multiple Choice
A customer makes a savings deposit for 45 days.During that time he earns $5 in interest and maintains an average daily balance of $1,000.What is the annual percentage yield on this savings account?
A) 0.5%
B) 4.13%
C) 4.07%
D) 4.5%
E) None of the options is correct
Correct Answer:
Verified
Correct Answer:
Verified
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