Question: Explain to me why 9% annual interest compounded daily provides a 9.42% yield. Compound Interest Tables Comparison of Different Compounding Periods A 9% annual interest

Explain to me why 9% annual interest compounded daily provides a 9.42% yield.

Compound Interest Tables Comparison of Different Compounding Periods A 9% annual interest compounded daily provides a 9.42% yield. Effective Yield for a $10,000 investment.

Compound Interest Tables Comparison of Different Compounding Periods A 9% annual interest compounded daily

Compound Interest Tables Comparison of Different Compounding Periods A 9% annual interest compounded daily provides a 9.42% yield. Effective Yield for a $10,000 investment. Interest Rate 8% 9% 10% Annually 8.00% $800 9.00% $900 10.00% $1,000 Semiannually 8.16% $816 9.20% $920 Compounding Periods 10.25% $1,025 Quarterly 8.24% $824 9.31% $931 10.38% $1,038 Monthly 8.30% $830 9.38% 5938 10.47% $1,047 Daily 8.33% $833 9.42% $942 10.52% $1,052

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