The effective rate APY is The nominal rate The stated rate T

The effective rate (APY) is:

	The nominal rate
	The stated rate
	The true semiannual rate
	The true annual rate
	None of these

Annual percentage yield (APY) is a normalized representation of an interest rate, based on a compounding period of one year so it is based on one year.

so answer will be

The true annual rate

The effective rate APY is The nominal rate The stated rate T

Solution

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