Discover answers to your most pressing questions at Westonci.ca, the ultimate Q&A platform that connects you with expert solutions. Discover a wealth of knowledge from professionals across various disciplines on our user-friendly Q&A platform. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.
Sagot :
Annual percentage yield (APY) refers to the rate of return. It does this via way of means of stating the actual percent of increase on the way to be earned in compound interest assuming that the money is deposited for one year.
What is the formula for Annual percentage yield (APY)?
Annual percentage yield (APY) is calculated by the usage of this formula
APY= (1 + r/n )n – 1,
Here, “r” is the said annual interest rate, and “n” is the variety of compounding intervals every year.
APY is referred to as the effective annual rate or EAR.
Therefore, Annual percentage yield (APY) refers to the rate of return. It does this via way of means of stating the actual percent of increase on the way to be earned in compound interest assuming that the money is deposited for one year.
Learn more about Annual percentage yield:
https://brainly.com/question/8449462
#SPJ1
Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. Thank you for visiting Westonci.ca, your go-to source for reliable answers. Come back soon for more expert insights.
