What would be annual percentage yield for savings accounts

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Reference no: EM131486018

Question: 1. What would be the annual percentage yield (APY) for a savings account that earned $174 on a balance of $3,250 over the past 365 days?

2. If you earned a 4.2 percent return on your savings, with a 15 percent tax rate, what is the after-tax rate of return?

3. 1. A payday loan company charges 5 percent interest for a two-week period. What would be the annual interest rate from that company?

Reference no: EM131486018

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What would be annual percentage yield for savings accounts : What would be the annual percentage yield (APY) for a savings account that earned $174 on a balance of $3,250 over the past 365 days?

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