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marissa [1.9K]
3 years ago
15

The annual percentage yield (apy) is the

Business
2 answers:
yan [13]3 years ago
6 0

Answer:

Interest rate avertised by borrowers

Explanation:

tia_tia [17]3 years ago
4 0
Annual interest rate that factors in compounding effects.

Formula: APY = ( 1 + APR/n )^n - 1
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Sandhill Company had cash receipts from customers in 2020 of $117,140. Cash payments for operating expenses were $104,320. Sandh
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