Mathematics, 22.02.2021 06:40 marahsenno

Part 1: Explain which companies would advertise APY over APR and describe how this would help them attract customers. (4 points) 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. (4 points)

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