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Question 12 of 20 Annual percentage yield (APY) is: A. the amount earned on an investment in one year. B. the nominal interest rate times the interest earned. C. the rate of ret…

Question 12 of 20 Annual percentage yield (APY) is: A. the amount earned on an investment in one year. B. the nominal interest rate times the interest earned. C. the rate of ret…
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Question 12 of 20

Annual percentage yield (APY) is:
A. the amount earned on an investment in one year.
B. the nominal interest rate times the interest earned.
C. the rate of return on an investment in one year.
D. the initial deposit plus the interest earned.

asked
User Tijuan
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1 Answer

3 votes

Answer:

C. the rate of return on an investment in one year.

Explanation:

answered
User Shumon
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8.0k points
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