Business, 03.09.2021 18:10 angeleyes42

What is the relationship between the nominal interest rate and the annual percentage yield (APY)?
A. The nominal interest rate is the APY divided by the number of
years for which a loan is taken out.
O B. The APY is the nominal interest rate divided by the number of
years for which a loan is taken out.
O C. The nominal interest rate is calculated using the APY.
D. The APY is calculated using the nominal interest rate.

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What is the relationship between the nominal interest rate and the annual percentage yield (APY)?<...

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