> An account pays interest at a nominal rate of 5% per year. Find the effective annual yield if interest is compounded:?

An account pays interest at a nominal rate of 5% per year. Find the effective annual yield if interest is compounded:?

Posted at: 2014-12-05 
a) monthly?

b) weekly?

c) daily? Assuming there is 365 days in the year

d) continuously?

a) (1 + 0.05/12)^12 - 1

b) (1 + 0.05/52)^52 - 1

c) (1 + 0.05/365)^365 - 1

d) e^(0.05)

a) monthly?

b) weekly?

c) daily? Assuming there is 365 days in the year

d) continuously?