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23 June, 20:56

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? (Select the best answer.) Question 4 options: FICO APR APY FCRA

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  1. 23 June, 21:01
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    I believe that it is APY. APY incorporates the additional complication of compound interest ...
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