SOLUTION: what is the annual yeild of an investment at 10.5% if interest is compunded quaterly? compunded monthly? compounded dailey?

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Question 876219: what is the annual yeild of an investment at 10.5% if interest is compunded quaterly?
compunded monthly?
compounded dailey?
Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!
In General %28Yield%29+=+%281%2B%28r%2Fn%29%29%5E%28nt%29+-+1
r= annual rate = .105
n= periods per year = see below
t= years = 1
Plug and Play
%28Yield%29+=%281%2B%28.105%2F4%29%29%5E%28nt%29-1+=+%281.02625%29%5E%284%29+-+1 = .10920 0r 10.92%
+%28Yield%29+=%281+%2B+.105%2F12%29%5E%2812%29-1
%28Yield%29+=+%281%2B.105%2F365%29%5E%28365%29-1