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What is the purpose of APY? A. for borrowers to compare the rates between different loans. B. for investors to compare the interest rates between different investments. C. for borrowers to calculate the
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What is the purpose of APY?

A. for borrowers to compare the rates between different loans.
B. for investors to compare the interest rates between different investments.
C. for borrowers to calculate the yearly interest.
D. for investors to calculate the periodic interest rate.

User Lucasarruda
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1 Answer

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Hello.

The answer is

D. for investors to calculate the periodic interest rate.

Have a nice day
User Kore
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