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Don't under stand this question at all Part 1: Explain which companies would advertise APY over APR and describe how this would help them attract customers. Part 2: Create a unique APR ( state how oft
Don't under stand this question at all
Part 1: Explain which companies would advertise APY over APR and describe how this would help them attract customers.
Part 2: Create a unique APR ( state how often the rate is compounded) and calculate the corresponding APY. Use a comparison of the two rates to verify your answer to part 1.