Question: The APY does take into account the frequency that interest is paid out and how that can impact compounding. This is important for both loans

The APY does take into account the frequency that interest is paid out and how that can impact compounding. This is important for both loans as well as investments so we can make the best choice depending on our needs. Do you think picking a loan or investment should be based solely on the potential interest earned/paid?What else should be considered when taking out a loan?

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