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minaebied minaebied
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3 months ago

Effective rate (APY) is:



▸

Never related to compound table



▸

Interest for one year divided by annual rate



▸

Interest for one year divided by principal for two years



▸

Interest for one year divided by principal



▸

None of these

Textbook 
Math for Business and Finance: an Algebraic Approach

Math for Business and Finance: an Algebraic Approach


Edition: 3rd
Author:
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dressagegal1dressagegal1
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3 months ago
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