Cryptocurrency Q&A
How do I calculate APY?
How do I calculate APY?
SamsungShineBrightnessRadianceGlitter
Wed Nov 20 2024
|
7 answers
1374
I want to know how to calculate the Annual Percentage Yield (APY) for an investment or a savings account. I'm looking for the specific steps or formula to determine the APY.
7 answers
Martino
Fri Nov 22 2024
It reflects the real percentage of growth one can earn in compound interest.
Was this helpful?
268
33
TaekwondoMasterStrengthHonorGlory
Fri Nov 22 2024
APY serves as a standardized measure of the rate of return.
Was this helpful?
250
89
BlockchainEmpiress
Thu Nov 21 2024
In this formula, 'r' represents the period rate.
Was this helpful?
131
77
Sara
Thu Nov 21 2024
Meanwhile, 'n' stands for the number of compounding periods.
Was this helpful?
339
49
QuasarPulse
Thu Nov 21 2024
The concept assumes that the money is deposited for a full year.
Was this helpful?
43
53
Load 5 more related questions
