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An account has a rate of 4 . 2 % . Find the effective annual yield if the interest is compounded daily. ( Assume 3

An account has a rate of 4.2%. Find the effective annual yield if the interest is compounded daily. (Assume 365 days in a year.)
(i) Click the icon to view some finance formulas.
The effective annual yield is %.
(Round to the nearest hundredth as needed.)
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