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You buy a CD for $9000 that earns $172.92 in interest every 2 months. What is the annual yield on your investment?

You buy a CD for $9000 that earns $172.92 in interest every 2 months. What is the annual yield on your investment?
asked 38.4k views
19 votes
You buy a CD for $9000 that earns $172.92 in interest every 2 months. What is the

annual yield on your investment?

asked
User Rubin Simons
by
8.8k points

1 Answer

4 votes

Answer:

$4,000.343

Explanation:

Divided the months of the year and caculate the intrest.

answered
User Rosen Dimov
by
9.1k points
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