The answer to “A bank advertises it pays 7% annual interest, com-pounded daily, on savings accounts, provided themoney is left in the account for 4 years. What is theeffective annual interest rate?” is broken down into a number of easy to follow steps, and 29 words. This textbook survival guide was created for the textbook: Engineering Economic Analysis, edition: 12. Engineering Economic Analysis was written by and is associated to the ISBN: 9780199339358. This full solution covers the following key subjects: annual, Interest, left, account, bank. This expansive textbook survival guide covers 18 chapters, and 1242 solutions. The full step-by-step solution to problem: 3-43 from chapter: 3 was answered by , our top Engineering and Tech solution expert on 09/09/17, 04:21AM. Since the solution to 3-43 from 3 chapter was answered, more than 227 students have viewed the full step-by-step answer.