• Is the Annual Percentage Yield of Interest.

 Embedded terms in definition
 Annual percentage yield
 Referenced Terms
 Annual percentage yield: Abbreviated Apy. The effective, or true, annual rate of return. The APY is the rate actually earned or paid in one year, taking into account the affect of compounding. The APY is calculated by taking one plus the periodic rate and raising it to the number of periods in a year. For example, a 1% per month rate has an APY of 12.68% (1.01^12).

<< Apr Arbitrage >>

How to Ace Your First Test Managing Real Money in the Real World: As a teen, you're beginning to make some grown-up decisions about how to save and spend your money. That's why learning the right ways to manage money…right from the start…is important. Here are suggestions. More...

Imagination is more important than knowledge, for knowledge is limited while imagination embraces the entire world. - Albert Einstein


Copyright ©2009-2017 GVC. All rights reserved.