yeseniaab333 yeseniaab333

24-10-2020
Mathematics

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adrianabazan adrianabazan

24-10-2020

Answer is: FALSE

Explanation:

The annual percentage yield (APY) is always higher than the nominal interest rate.

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popbop37 popbop37

24-10-2020

Answer:

False

Step-by-step explanation

APY is the total amount of interest you get at the end of the year depending on how much you saved, which includes compound interest.

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