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Question 6 A customer has a savings account for one year. During the year he earns $55.50 in interest. For 190 days he has $2,000

Question 6

A customer has a savings account for one year. During the year he earns $55.50 in interest. For 190 days he has $2,000 in the account and for another 170 days he has $1,000 in the account. What is the annual percentage yield on this savings account?

2.98%

4.62%

4.01%

3.63%

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