Banks and other financial institutions make extensive use of the difference between the annual percentage rate APR and the annual percentage yield APY. The client often doesn´t even recognize that there is any difference and so he loses money. This article explains the difference between APR and APY and gives an example to show why this difference can be important for both – banks and clients.
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Time: 06. February 2012 - 10:24:11 pm |
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2010-06-26 | Category: 
