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发帖数: 691 | 1 What is the difference between APR and APY?
For loans or investments that involve compounding interest, there are two
popular interest rate related terms. Annual Percentage Rate, or APR, is a
measure of how much interest will be on an annual basis without taking into
account compound interest. Annual Percentage Yield, or APY, is the same
measure of interest rate, but accounting for compound interest - a better
measure of how much you will pay in interest. Banks and credit card issuers
often expr |
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