Question: Why is it important to consider APY, especially. If you have borrowed a large sum of money or if you have a higher interest rate?

Why is it important to consider APY, especially. If you have borrowed a large sum of money or if you have a higher interest rate?

Give examples to support your argument.

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Considering the Annual Percentage Yield APY is crucial especially when dealing with large sums of money or higher interest rates because it provides a ... View full answer

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