Suppose a savings and loan pays a nominal rate of 1 . 3 % on savings deposits.

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Suppose a savings and loan pays a nominal rate of

1.3 %

on savings deposits. Find the effective annual yield if interest is compounded daily. Assume that the year is not a leap year.

Posted Date: May 18, 2024 05:12 PM

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Suppose a savings and loan pays a nominal rate of 1 . 3 % on savings deposits.

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