Mathematics (2019) Grade(s): 09-12 - Mathematical Modeling
MA19.MM.4a
Explain the relationship between annual percentage yield (APY) and annual percentage rate (APR) as values for $r$ in the formulas $A=P(1+r)^t$ and $A=Pe^{rt}$.
Explain the relationship between annual percentage yield (APY) and annual percentage rate (APR) as values for $r$ in the formulas $A=P(1+r)^t$ and $A=Pe^{rt}$.
