Austin deposits $2,250 into a one-year CD at an interest rate of 5.3%, compounded daily. a. What
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b. How much interest did the account earn during the year?
c. What is the annual percentage yield? Round to the nearest hundredth of a percent.
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a B 2250 0053 365 3...View the full answer
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Related Book For 
Financial Algebra advanced algebra with financial applications
ISBN: 978-0538449670
1st edition
Authors: Robert K. Gerver
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