Annual percentage yield

Formula

Annual percentage yield formula
APY
annual percentage yield
inom
nominal interest rate
N
number of compounding periods per year

Formula description

Annual percentage yield (APY) is a normalized representation of an interest rate, based on a compounding period of one year. APY figures allow for a reasonable, single-point comparison of different offerings with varying compounding schedules.

Calculator (how to use calculator?)

Annual percentage yield formula
inom
N
APY
Precision

Formula code








References

  1. Wikepedia:Annual percentage yield.

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