Westonci.ca offers fast, accurate answers to your questions. Join our community and get the insights you need now. Explore a wealth of knowledge from professionals across different disciplines on our comprehensive platform. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.
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 trusting us with your questions. We're here to help you find accurate answers quickly and efficiently. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Find reliable answers at Westonci.ca. Visit us again for the latest updates and expert advice.
