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.
Mathematics For Machine Technology
8th Edition
ISBN:9781337798310
Author:Peterson, John.
Publisher:Peterson, John.
Chapter24: Percent Practical Applications
Section: Chapter Questions
Problem 32A: A manufacturer estimates that 15,500 pieces per day could be produced with the installation of new...
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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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