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A deposit of $2,000 into an account that earns 4.2% interest compounded daily. What is the annual percentage yield (APY) to the nearest hundredth of a percent?

A deposit of $2,000 into an account that earns 4.2% interest compounded daily. What is the annual percentage yield (APY) to the nearest hundredth of a percent?
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a deposit of $2,000 into an account that earns 4.2% interest compounded daily. What is the annual percentage yield (APY) to the nearest hundredth of a percent?

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User Crecket
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8.3k points

1 Answer

2 votes
its either 80% or 84%.
answered
User Neets
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7.5k points
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