document.write( "Question 138381: after martha tumble began her job as an editor, she invested in a money market account paying 4.3% interest compounded daily (n=360). What was the effective annual yeild of this account? \n" ); document.write( "
Algebra.Com's Answer #101032 by checkley77(12844) ![]() You can put this solution on YOUR website! (1+.043/360)^360 \n" ); document.write( "(1+.0001194)^360 \n" ); document.write( "1.0001194^360 \n" ); document.write( "1.0439 or the annual yield would be 4.39%. \n" ); document.write( " |