What would be the annual percentage yield for a savings account that earned $60.00 in interest on $1,000 over the past 365 days?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter5: The Time Value Of Money
Section: Chapter Questions
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What would be the annual percentage yield for a savings account that earned $60.00 in interest on $1,000 over the past 365 days?
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