question archive You see the following rate "X": 0
You see the following rate "X": 0
Subject:FinancePrice: Bought3
You see the following rate "X": 0.3% compounded weekly
A) What is the APR of X?
B) What are the APY of X?
C) When compared with rate "Y" that has EAR=16%, which rate would you pick if you were asked to borrow money at that rate for one year? Why?
