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GoodMad_ GoodMad_
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7 years ago
You read that a savings account offers a 10% yield, compounded semi-annually. Your effective annual yield then is
A) 9.75%.
B) 5.05%.
C) 10.25%.
D) 11.00%.
Textbook 
Personal Finance: An Integrated Planning Approach

Personal Finance: An Integrated Planning Approach


Edition: 8th
Author:
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bzapianbzapian
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7 years ago
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GoodMad_ Author
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#2
7 years ago
Another one bites the dust, as in, it's right Smiling Face with Open Mouth
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