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Difference Between APR and APY

April 21, 2011帖子ed byOlivia

4月vs APY If someone as intelligent and genius as Albert Einstein called compound interest as the greatest force on earth, its implications in our lives, especially financial aspect of our lives, must be important. To understand the effect of compound interest, one just has to look at the difference between APR and APY to […]

Filed Under:BankingTagged With:annual percentage rate,annual percentage yield,4月,年,复利,credit card,effective interest rate,effective rate of interest,EIR

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