Find the effective yield for the investment. Round to the nearest hundredth of a percent. Use a 365-day year.
4%, compounded quarterly

A) 4.07%
B) 4.06%
C) 4.16%
D) 4.04%
E) 4.08%

Question

Find the effective yield for the investment. Round to the nearest hundredth of a percent. Use a 365-day year. ​
4%, compounded quarterly
​
A) 4.07%
B) 4.06%
C) 4.16%
D) 4.04%
E) 4.08%

Quizplus · Accepted Answer

The Answer of Find the effective yield for the investment. Round to the nearest hundredth of a percent. Use a 365-day year. ​
4%, compounded quarterly
​
A) 4.07%
B) 4.06%
C) 4.16%
D) 4.04%
E) 4.08%

Find the Effective Yield for the Investment