Question: Solve the problem. Round interest to the nearest percent and time to the nearest period. You buy a CD for $8000 that earns $277.88

Solve the problem. Round interest to the nearest percent and time to the nearest period. You buy a CD for $8000 that earns $277.88 in interest every 6 months. What is the annual yield on your investment? O 21% 2% 3% 0.7%

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