Question: Given 1 6 % per year compounded monthly, what does this rate represent? ( Choose all that apply ) The Annual Percentage Yield ( APY

Given 16% per year compounded monthly, what does this rate represent? (Choose all that apply)
The Annual Percentage Yield (APY)
The effective annual rato
The Annual Percentage Rate (APR)
The nominal annual rate
Given 1 6 % per year compounded monthly, what

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