What’s APY? can someone please simplify the definition.

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asked Jan 11, 2023 8.4k views

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Menelaos · Answer 1 · 2023-01-14T20:28:40+0000

APR, or effective annual rate, can also be called an effective annual rate or EAR when "r" is the annual interest rate and "n" is the number of compounding periods to be completed each year. :D

What’s APY? can someone please simplify the definition.

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