An account that compounds interest daily has an annual percentage yield of 5.9%. What is the annual interest rate for the account? Round your answer to the nearest tenth of a percent.
An account that compounds interest daily has an annual percentage yield of 5.9%. What is the annual interest rate for the account? Round your answer to the nearest tenth of a percent.
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 15E
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An account that compounds interest daily has an annual percentage yield of 5.9%. What is the annual interest rate for the account?
Round your answer to the nearest tenth of a percent.
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