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Author Question: The Annual Percentage Yield (APY) is the true rate of return of an investment. It is calculated by ... (Read 125 times)

Lobcity

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on: Jun 24, 2018
The Annual Percentage Yield (APY) is the true rate of return of an investment. It is calculated by adding in the hidden costs not advertised by the lending institution. The more compounding periods per hear, the higher the APY.
  Indicate whether the statement is true or false

Question 2

Compute the arithmetic mean of the following numbers: (Round to two decimal places) 912.55, 549.01, 906.88, 456.31, 231.74, 782.45, 335.98, 154.46


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Hikerman221

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Reply #1 on: Jun 24, 2018
Answer to Question 1

FALSE

Answer to Question 2

541.17


Lobcity

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Reply 2 on: Jun 24, 2018
YES! Correct, THANKS for helping me on my review

scottmt

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Reply 3 on: Yesterday
Excellent

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