Why do banks advertise APY to their depositors while credit companies advertise APR to their borrowers?

Answers

Answer 1

Answer:

It's easy to understand why people may confuse the terms APR and APY. Both are used to calculate interest for investment and credit products. And they significantly affect how much you earn or must pay when they're applied to your account balances.  But while APR and APY may sound the same, they are quite different and not created equal. For starters, APY, or annual percentage yield, takes into account compound interest, but APR, which stands for annual percentage rate, does not

Explanation:

Answer 2

Financial institutions like banks often tout their credit products using APR since it seems like borrowers end up paying less in the long run for accounts like loans, mortgages, and credit cards.1

Credit companies and Investment companies generally advertise the APY they pay to attract investors because it seems like they'll earn more on things like certificates of deposit (CDs), individual retirement accounts (IRAs), and savings accounts. Unlike APR, APY does take into account the frequency with which the interest is applied—the effects of intra-year compounding. This seemingly subtle difference can have important implications for investors and borrowers. APY is calculated by adding 1+ the periodic rate as a decimal and multiplying it by the number of times equal to the number of periods that the rate is applied, then subtracting 1



Here's how APY is calculated:


Related Questions

PLEASE HELP ASAP!!! will mark brainliest, stay safe!

Answers

Answer:

These were the Former Confederates because they were in the south and slavery was going on.

Explanation:

Answer:

Former Confederates

Explanation:

A person that follows Orthodoxy is called

Answers

The definition of orthodox is someone or something that strictly adheres to religious beliefs or the conventional
You would just describe them generally as orthodox but if they follow orthodoxy in Christianity or Judaism, you would call them an Orthodox Christian or an Orthodox Jew.

PLZ HELP ME!! +25 POINTS

In four or more complete sentences, discuss the importance of the Columbian Exchange. Be sure to identify at least three of the products that were involved in the exchange.

Answers

Answer:

The Columbian Exchange was an international trade network sparked by exploration. It involved the movement of goods and ideas between the Americas, Africa, Asia, and Europe. This exchange included everything from food and animals to slaves and diseases. The Columbian Exchange helped to expand economies, especially in Europe. Items such as sugar were once luxury items that weren’t available to the poor. With increased production in the Americas and the trade system, the supply of sugar rose in Europe. Soon people of all classes could enjoy it. Other products native to the Americas, like tomatoes, chili peppers, and chocolate, significantly changed European cuisine. People in the Americas also began to enjoy new products from Europe. They now had access to sugarcane, coffee, bananas, and chickens.

Explanation:

Right on edge 2020-2021

Answer: The Columbian Exchange was an international trade network sparked by exploration. It involved the movement of goods and ideas between the Americas, Africa, Asia, and Europe. This exchange included everything from food and animals to slaves and diseases. The Columbian Exchange helped to expand economies, especially in Europe. Items such as sugar were once luxury items that weren’t available to the poor. With increased production in the Americas and the trade system, the supply of sugar rose in Europe. Soon people of all classes could enjoy it. Other products native to the Americas, like tomatoes, chili peppers, and chocolate, significantly changed European cuisine. People in the Americas also began to enjoy new products from Europe. They now had access to sugarcane, coffee, bananas, and chickens.

Explanation: That’s what it says on edge 2021

Hope this helps!

William Penn referred to his colony as a "Holy Experiment" because
~its degree of religious tolerance had never been tried before.
~it rejected all forms of religious teaching and practices.
~its colonists were forced to follow the same religion.
~it was founded and run on Puritan principles.

Answers

Answer:

A:its degree of religious tolerance had never been tried before.

Explanation:

Answer:

a

Explanation:

If Kaitlyn lives in a country where all power is with the central government and no power is with the local governments, she would call that a?

Answers

Answer:

she would call that a federal government

Explanation:

n creating a federalist system the founders were reacting to both the British government and the Articles of Confederation. The British government was — and remains — a UNITARY SYSTEM, or one in which power is concentrated in a central government. In England, government has traditionally been centralized in London, and even though local governments exist, they generally have only those powers granted them by Parliament. The national government is supreme, and grants or retains powers to and from local governments at its whim.

Arrange the steps shown in the diagram in their proper sequence.

Answers

Answer:

Is there a picture you can show or something? Cause I don't know how to help you if there is no answer choices.

Explanation:

Answer: A needs to be switched with D.

The goal of the andaconda plan was to

Answers

To gain control of the Mississippi River which would cut the Confederacy into two parts, to blockade the Southern ports, and to capture the Confederate capital of Richmond.

An independent clause and a phrase always have a comma between them.

True
False

Answers

Yes it can but it can’t but I would go with true

What was taxed under Queen Hatshepsut's reign?
trade goods
trade rollings
temple admission
construction projects

Answers

Answer:

the answer is a trade goods

Explanation:

Under the reign of Queen Hatshepsut, trade goods were heavily taxed. Hence, option A is appropriate.

Who was Queen Hatshepsut and what was her trade policy?

Queen Hatshepsut was considered to be one of the foremost and most powerful pharaohs to have ever walked on this land. She is considered to be one of the most powerful female rulers in History. But it is also largely evident that her legacies, including all her works, statues, and also paintings were destroyed in the 19th century by Tithomese III.

Queen Hatshepsut was the first o have established the process of proper tax collection. In fact, under her reign, Egypt became the first country to pay taxes. She developed the economy of Egypt through her expansionist trading policies.

Hence, option A is correct.

Learn more about Queen Hatshepsut here:

https://brainly.com/question/1811539

#SPJ2

write any four comments criticisms of welfare definition​

Answers


*Conservative criticism
*Liberal criticism
*Socialist criticism
*........

how can you determine if the news is true or fake ? ​

Answers

Answer:

You can determine if news is fake by looking at the source , are the creators of the source apart of a group that wants change in something ? , does the site look sketchy, is the site popular , do the creators us proper spelling ? you can even look it up.

Explanation:

What achievements did the Mesopotamia people achieve

Answers

The wheel, plow, and writting( a system that is called cuneiform)
The answers are Wheel, plow, writing

Why do you think the Lunar New Year is celebrated and recognized in Singapore?

Answers

Answer:

Chinese New Year is the most important holiday in China. ... Tied to the Chinese lunar calendar, the holiday was traditionally a time to honor household and heavenly deities as well as ancestors. It was also a time to bring family together for feasting.

Explanation:

Why did the British found the Georgia colony

Answers

Answer:

His idea was to create an asylum for the poor and the persecuted Protestants. The establishment of Georgia would also protect the northern colonies from Spanish and French intrudors. ... In November of 1732, 114 people left from the River Thames to settle Britain's new colony of Georgia.

Explanation:

I hope this helps you

Answer:

Another reason for the founding of the colony was as a buffer state and a "garrison province" which would defend the southern British colonies from Spanish Florida. Oglethorpe imagined a province populated by "sturdy farmers" who could guard the border; because of this, the colony's charter prohibited slavery.

Explanation:

Which description BEST explains the cuneiform writing system? ill give you brainlist

Answers

Answer: a writing system in which wedge-shaped marks in clay tablets represent words and numbers

Explanation:

Because i have the same problem as you and i know the answer.

Answer:

Cuneiform is one of the oldest forms of writing known. It means "wedge-shaped," because people wrote it using a reed stylus cut to make a wedge-shaped mark on a clay tablet. Letters enclosed in clay envelopes, as well as works of literature, such as the Epic of Gilgamesh have been found.

Explanation:

why is keeping up on current events an important part of resposible citizenship

Answers

keeping up on current events now is an important part of citizenship because we all need to be aware of what’s going on around us

ways of making country beautiful​

Answers

Answer:

be a loyal citizen. seRioSly,that is all it takes.

If YOU were there...
You live in the North American Southwest about
1,000 years ago. You've been working in the fields for
several hours today. The maize crop looks good this
summer, and you are hoping for a successful harvest.
After finishing your work, you walk home. The opening
o your house is in a cliff wall 30 feet above a canyon
loor. You must use ladders to get to the opening.
Do you like the location of
your home? Why?

Answers

Answer:

No

Explanation:

Because what if you are carying water or something. You won't be able to climb up to your house.

how many hours is in one day?

Answers

24 hours

Hope this helps!! <3

Answer:

24

Explanation:

There are also 60 minutes in an hour, 60 seconds in a minute, 7 days in a week, about 30 days in a month, 12 months in a year, 365 days in a year, 10 years in a decade, 100 years in a century.

Please please please help asapp thank you so much!

Answers

Answer:

c

Explanation:

MULTIPLE CHOICE QUESTION
How many years did America operate under the Articles of Confederation?
15
12
4
6
10

Answers

4
I believe, hope this helps.
it's 4:) i hoped this helped:)))

Which of the following statements regarding the Sunni and Shia Muslims is incorrect?
Group of answer choices

1.Most Shia Muslims live in Israel.

2.The majority of all Muslims belong to the Sunni Branch of Islam.

3.Following the split between the two branches of Islam, the Sunni Muslims believed that the best leader should be chosen to lead the religion.

4.Following the split between the two branches of Islam, the Shia Muslims believed that a relative of Muhammad and Ali should be chosen to lead the religion.

Answers

Answer:

Its A

Explanation:

I  like now caught on that on each and every one of my tests the answers are always the first one. Hope this helped!

Jesus’s disciples and followers spread the message of Christianity

by writing the Old Testament.
by co-opting Roman gods as a means of converting Romans.
by influencing every religious leader in the Jewish faith.
by traveling to speak to people across the Roman Empire.

Answers

Answer:

D- by traveling to speak to people across the Roman Empire.

Explanation:

D on edge :) (checked)

Jesus’s disciples and followers spread the message of Christianity by travel.

Under which plan was the number of representatives based on population?

Answers

Answer:

the constitution says thet each state shall have at least one repersenitive while the toatol size of states delegation they depend on the house but the number of repersenitives cant be greater then one for every thirty thousand people

Explanation:

Watched a whole documentary

Which Mediterranean empire began as a Phoenician colony?
A.
Rome
B.
Carthage
C.
Athens
D.
Macedon

Answers

Answer:

B) Carthage

Explanation:

I did it in study island and it was correct

What was the Mita system?

A.
a practice of paying taxes through labor

B.
a method of record keeping

C.
a network of royal messengers

D.
a rigid social hierarchy

Answers

Answer:

A

Explanation:

I just had that answer on one of my test's an I GOT A 100!

Answer:

A

Explanation: The mita system was a system established by the Inca Empire in order to construct buildings or create roads throughout the empire. It was later transformed into a coercive labor system when the Spanish conquered the Inca Empire

MAX Which option BEST describes the overall structure of the article?
A The article compares the merits of various taxes on the Colonies leading up to the Revolutionary War.

B The article describes the reasons why colonists boycotted British goods and opposed taxes before the Revolutionary War.

C.The article outlines how contrasting points of view stoked a chain of events that led to the Revolutionary War.

D The article lists the actions taken by the British to bring the colonists under control before the Revolutionary War.​

Answers

Answer:

Which article? I will tell you the answer in the comments

Answer:I think B

Explanation:the article is plate tectonics: moving and shaking

The type of writing that Sumerians invented was hieroglyphics.
true or false

Answers

Answer:

False

Explanation:

They invented the Cuneiform.

Which of these were countries that claimed the West Indies?
Spain

Denmark

Italy

Germany

France

Answers

Answer:

The west indies is the carribean, so spain and france

Explanation:

why is agriculture important in Nepal

Answers

According to the World Bank, agriculture is the main source of food, income, and employment for the majority. It provides about 33% of the gross domestic product (GDP). ... Although new agricultural technologies helped increase food production, there still was room for further growth.

Answer:

Agriculture is important in nepal because more than 66% person are directly involved in it and it is only occupation which help them to earn livelihood.

Explanation:

because it is the main source of income, production and employment majority.

Other Questions
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