An account that earns ___ interest will result in a higher annual percentage yield

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asked Mar 16, 2023 175k views

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Georgi Karadzhov · Answer 1 · 2023-03-18T21:44:50+0000

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The annual percentage yield (APY) is paid to a depositor by a financial institution. The percentage is based on the existing amount after a certain period. If the owner of saving account choose not to take out the past interest revenue, the amount would be compounded for future years.

An account that earns ___ interest will result in a higher annual percentage yield

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