MM.4.a

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.

Example Problems
I have a cockroach problem in my living room.

Don't ask how, but I counted
64 cockroaches today, and they are growing at a rate of 25% every day.

How many cockroaches will I have after
three days?
Goblins

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