Geo777
07.07.2019 •
Mathematics
Ihht this is my second to last question! in advance
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Ответ:
5.13%.
Step-by-step explanation:
Amount accumulated in 1 year
= 1600(1 + 0.05/360)^360
= $1682.03
Account's effective annual yield
= 82.03 * 100 / 1600 %
= 5.13%.