What is the relationship between the nominal interest rate and the annual percentage yield (APY)?
A. The nominal interest rate is the APY divided by the number of years for which a loan is taken out.
B. The APY is the nominal interest rate divided by the number of years for which a loan is taken out.
C. The APY is calculated using the nominal interest rate.
D. The nominal interest rate is calculated using the APY.​
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What is the relationship between the nominal interest rate and the annual percentage yield (APY)?...
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