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    Mathematics
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    Calculus
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    Exam 1: Functions, graphs, and Limits
  5. Question
    What Is the Annual Percentage Yield (Or Effective Annual Rate)for
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What Is the Annual Percentage Yield (Or Effective Annual Rate)for

Question 184

Question 184

Multiple Choice

What is the annual percentage yield (or effective annual rate) for a nominal rate of 8.7% compounded quarterly? Round your answer to two decimal places.


A) 8.70%
B) 9.06%
C) 9.09%
D) 8.99%
E) 8.89%

Correct Answer:

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