Register

If your APR is 2.1% , compound monthly. What is the actual annual percentage yield on this account?

If your APR is 2.1% , compound monthly. What is the actual annual percentage yield on this account?
asked 94.0k views
5 votes
If your APR is 2.1% , compound monthly. What is the actual annual percentage yield on this account?

asked
User Nabarun
by
8.7k points

1 Answer

1 vote
the actual annual percentage yield on this account is

R=(1+0.021÷12)^(12)−1
R=0.0212 × 100
R=2.12%
answered
User Rplevy
by
9.0k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

Who was Adam Smith ? Anybody?
What can turn igneous rock into sediment?
In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
Link Copied!