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point(s) possible Solve the problem. Round to the nearest tenth of a percent. A = P 1+ - r ) nt P =. A nt

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point(s) possible Solve the problem. Round to the nearest tenth of a percent. A = P 1+ - r ) nt P =. A nt A = Pert Y = 1+- -1 A passbook savings account has a rate of 6%. Find the effective annual yield if the interest is compounded daily. Assume 360 days in a year. O A. 6.1% O B. 6.7% O C. 6.4% O D. 6.2%

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