Advertising

Apy

• Is the Annual Percentage Yield of Interest.

 
 Embedded terms in definition
 Annual percentage yield
Interest
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 >>

What Happens If a Bank Fails?: How the FDIC protects depositors, including providing quick access to insured funds. More...

If you once forfeit the confidence of your fellow citizens, you can never regain their respect and esteem. You may fool all of the people some of the time; you can even fool some of the people all the time; but you can't fool all of the people all of the time. - Abraham Lincoln

Advertising



Copyright 2009-2018 GVC. All rights reserved.