### Formula

inom

nominal interest rate

APY

annual percentage yield

N

number of compounding periods per year

inom

nominal interest rate

APY

annual percentage yield

N

number of compounding periods per year

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.

APY

N

inom

Precision

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