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Need help please!!!!!
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3 votes
Need help please!!!!!

Need help please!!!!!-example-1
User Varun Garg
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2 Answers

5 votes

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.

User Roman Newaza
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5.3k points
3 votes
Answer is: FALSE

Step-by-step explanation:

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