trueyaady4879 trueyaady4879

22-03-2021
Mathematics

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If u put 2500 in an account at an annual rate of 5.6 with interest compounded annually, what is annual percentage yield

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andromache andromache

23-03-2021

Answer:

5.6%

Step-by-step explanation:

The computation of the annual percentage yield is shown below:

Given that

Initial investment amount is 2,500

And, there is an annual rate of interest i.e. 5.6%

Since we have to determine the annual percentage yield i.e. equivalent to the annual rate of interest i.e. 5.6%

Hence, the above represent the answer

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