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A.) A customer makes a savings deposit for 90 days. During that time he earns $26 in interest and maintains an average daily balance of

A.) A customer makes a savings deposit for 90 days. During that time he earns $26 in interest and maintains an average daily balance of $2,600. What is the annual percentage yield on this savings account?

B.) A customer makes a savings deposit for 120 days. During that time he earns $42 in interest and maintains an average daily balance of $3,500. What is the annual percentage yield on the savings account?

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