This Test O A The effective annual yield is the siemple interest rate that produ

Question

This Test O A The effective annual yield is the siemple interest rate that produces the same amount of money in an account at the end of one year as when the account is subjected to compound interest at a stated rate OB. The effective an.m jeld is the simple interest rate that produces half the amount of money in an account at the end of one year as when the account is subjected to compound interest at a stated rate c· The effective annual yield is the compound interest rate OD. The effective annual yield is the simple interest rahe E. The effective annusal yleld is the siemple interest rate that produces twice the amount of money in an account at the end of one year as when the account is subjected to compound interest at a stated rate

Explanation / Answer

Answer A.the effective annual yield is the simple interest rate that produces the same amount of money in an account at the end of one year as when the account is subjected to compounded interest at a stated rate.

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