asked 8.1k views
1 vote
A bank offers an APR of 3.14% on an account that is componded annually. awhat is the annual percentage yield?

1 Answer

4 votes

I think the answer is 3.768

Not entirely sure without more info.

0.314 × 12mo = 3.768

answered
User Mkalafut
by
8.6k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.