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The annual percentage yield (apy) is the
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The annual percentage yield (apy) is the

User David Saltares
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Annual interest rate that factors in compounding effects.

Formula: APY = ( 1 + APR/n )^n - 1
User Alex Lobakov
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2 votes

Answer:

Interest rate avertised by borrowers

Step-by-step explanation:

User Andrei Herford
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