What is the difference between APR and APY? Which one is used in interest factor formulas, tables, and spreadsheet functions?
What will be an ideal response?
APR is a nominal interest rate while APY is an effective rate. The APY must be used in all
interest formulas, factors and functions.
Trades & Technology
You might also like to view...
Cottonseed meal cannot be used by pigs because of a toxic substance in the seeds called ____________________
Fill in the blank(s) with correct word
Trades & Technology
Female ferrets are seasonally polyestrous and may have two litters a year
A. True B. False
Trades & Technology
What is meant by a "wet-dry" watering cycle? What is the possible disadvantage of this watering cycle?
What will be an ideal response?
Trades & Technology
Evaporator coils found in reach-in freezers are often corroded by _____
a. repeated defrosts b. sanitizing solution c. the off-gassing of certain foods d. poor condensate removal
Trades & Technology