What is the difference between APR and APY? Which one is used in interest factor formulas, tables,

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What is the difference between APR and APY? Which one is used in interest factor formulas, tables, and spreadsheet functions?

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Engineering Economy

ISBN: 978-0073523439

8th edition

Authors: Leland T. Blank, Anthony Tarquin

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Question Posted: Dec 24, 2018 07:42 AM

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What is the difference between APR and APY? Which one is used in interest factor formulas, tables,

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APR is a nominal interest ...View the full answer

Engineering Economy

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