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28 May, 19:35

A bank offers an APR of 6.2% compounded daily.

the annual percentage yeild is ___%?

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  1. 28 May, 20:04
    0
    The annual yield is

    (1 + 0.062/365) ³⁶⁵ = 1.06396

    The percentage yield is therefore 6.396%.
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