You invest $1600 in an account paying 5% interest compounded daily. what is the account's effective annual yield? assume 360 days in a year.
the account's effective annual yield is % (round to two decimal places as needed)

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%.

what are you doing do you need examples of variable questions?

step-by-step explanation:

5a-1=9               bring the one over the =

5a=10                     divide by your variable

a=2

brainliest? ?

here try this one

3a-24=0

in english this is

ex.15 pag.85 create. write in ten lines the continuation of the ballad of the five motanasi, using verbs to the imperfect and to the perfect compound. five stars

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