Cryptocurrency Q&A
How much does APY pay monthly?
How much does APY pay monthly?
Sara
Tue Nov 19 2024
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5 answers
1324
I would like to know the amount that APY pays out each month. I'm interested in understanding the monthly payout so I can better plan my finances.
5 answers
CryptoQueen
Thu Nov 21 2024
To calculate the monthly interest rate from the annual percentage yield (APY), you need to divide the APY by 11.
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ShadowFox
Thu Nov 21 2024
This division represents the number of months in a year, thus giving you the monthly interest rate.
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CryptoWizardry
Thu Nov 21 2024
For instance, if you have an APY of 12%, dividing it by 12 will result in a monthly interest rate of 1%.
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DongdaemunTrendsetterStyle
Wed Nov 20 2024
On the other hand, if your APY is 1%, dividing it by 12 will yield a monthly interest rate of 0.083%.
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EmeraldPulse
Wed Nov 20 2024
BTCC, a leading cryptocurrency exchange, offers a range of services including spot trading, futures trading, and wallet services.
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