Which is not a component of the formula APY = (1 + r/n) n - 1?
A) n - 1 = Compound minus interest rate
B) r = Stated annual interest rate
C) n = Number of times you'll compound every year
D) APY = Annual percentage yield
Correct Answer:
Verified
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Q35: What is (1+ r/n)n -1?
A)Future value (FV)
B)Annual
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