question 10 (1 point) select all that apply. which statements about apy are correct? a apy is always the…

question 10 (1 point) select all that apply. which statements about apy are correct? a apy is always the same as apr. b apy is only used when investing in stocks. c apy includes the effect of compounding. d apy gives the true annual growth of an investment.

question 10 (1 point) select all that apply. which statements about apy are correct? a apy is always the same as apr. b apy is only used when investing in stocks. c apy includes the effect of compounding. d apy gives the true annual growth of an investment.

Answer

Brief Explanations:

APY (Annual Percentage Yield) accounts for compounding and represents the actual annual growth rate of an investment. APR (Annual Percentage Rate) does not always account for compounding and is different from APY. APY is used in various financial - related scenarios, not just stock investing.

Answer:

C. APY includes the effect of compounding. D. APY gives the true annual growth of an investment.