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  3. a passbook savings account has a rate of 7%. find

A passbook savings account has a rate of 7%. Find the effective annual yield, rounded...

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Basic Math

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A passbook savings account has a rate of 7%. Find the effective annual yield, rounded to the nearest tenth of a percent, if the interest is compounded 1000 times per year. Click the icon to view some finance formulas. The effective annual yield is%. (Round to the nearest tenth as needed.)

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