The annual percentage yield (APY) on an account with $143.10 annual interest earned and a daily average balance of $1702.11 would be:
A) 11.89%
B) .0841%
C) 8.77%
D) 8.41%
E) None of the above
Correct Answer:
Verified
Q102: You repay your home mortgage loan by
Q103: The _ takes the time value of
Q104: The law that requires a U.S. depository
Q105: Frequently, stock prices and interest rates move
Q106: The rate of return on a savings
Q108: The rate of return that an investor
Q109: To compute the investment rate (IR), you
Q110: T-bills, which are U.S. Treasury bills are
Q111: The discount rate that is required by
Q112: When a U.S. Treasury note or corporate
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents