A passbook savings account has a rate of 10%. Find the effective annual yield, rounded to the nearest tenth of a percent, if the interest is compounded semiannually. Click the icon to view some...

Extracted text: A passbook savings account has a rate of 10%. Find the effective annual yield, rounded to the nearest tenth of a percent, if the interest is compounded semiannually. Click the icon to view some finance formulas. ..... The effective annual yield is %. (Round to the nearest tenth as needed.)