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When is the APY going to be greater than the APR? When the number of compounding periods is greater than 1. When the number of

When is the APY going to be greater than the APR?

  1. When the number of compounding periods is greater than 1.
  1. When the number of compounding periods is equal to 1.
  1. When the number of compounding periods if a finite number.
  1. When the number of compounding periods is an even number.

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