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Advanced Financial Algebra
N/A — Exam
Question 26
26
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Multiple Choice
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Question 26 • Advanced Financial Algebra
You invest $40,000 in a savings account. After one year, your investment has grown to $42,800 What is the percent yield of the investment? Percent yield of an investment formula: Percent yield=((final value−initial value)/(initial value))×100
Answer
A
6 percent
B
7 percent
C
4 percent
D
5 percent
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