Ask Question
3 October, 11:30

Which type of interest rate gives the most accurate measure of the amount a borrower will really pay in interest, because it takes into account compounding that happens during the year?

+4
Answers (1)
  1. 3 October, 13:34
    0
    APY. This accounts for the complications of
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Which type of interest rate gives the most accurate measure of the amount a borrower will really pay in interest, because it takes into ...” in 📘 Biology if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers