Mr smith is opening a one-year cd for $25,000.00. The interst compounds daily. She told by the bank representative that the annual percentage rate is 1.65%. What is the annual percentage yield (APY) for this accounting?

We know that the midpoint is the a point in the center of the line. This means that from the midpoint to the endpoint is half the length of the overall line. This means that 11 units is half the length of the line. Two halves make a whole so 2 × 11 = 22 units as the length of the entire line!
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