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Which of the following refers to the way that interest added to an account earns interest itself? APY compound interest APR annuity

Which of the following refers to the way that interest added to an account earns interest itself? APY compound interest APR annuity
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2 votes
Which of the following refers to the way that interest added to an account earns

interest itself?
APY
compound interest
APR
annuity

asked
User Rubiktubik
by
8.5k points

1 Answer

1 vote

Answer:

APY is when interest is added to an account that is earning the money so I belive that is the answer

answered
User Midhunhk
by
8.7k points
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