The biggest differences between APR and APY
The biggest differences between APR and APY
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Confused about APR and APY? We’re here to help. APR, otherwise known as Annual Percentage Rate, shows the yearly cost of a loan, combining interest and fees. On the other hand, APY, otherwise known as Annual Percentage Yield, calculates the yearly earnings from an investment or savings account. Read more about the difference and how it works at https://bit.ly/3LA4ydC. | KeyBank
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