How do I find the effective annual yield of an investment?
How do I find the effective yield of an investment if the interest is compounded daily at an annual rate of 5.6%?
Investment best answer:
Answer by Janda
Go to the page I noted below and scroll down to "Compound Interest". It will explain what it is and how to calculate it :)
Investment
City Year Boston Investment Community Breakfast 2012
Image by cityyear
Josh Bekenstein speaks to guests
Mandarin Ballroom - Boston, MA
Dec 7, 2012
Photos: Jennifer Cogswell - 2012
Orignal From: How do I find the effective annual yield of an investment? and City Year Boston Investment Community Breakfast 2012
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