Math In A Sustainable Society rove.org

The interest rate that is actually earned as a result of compounding is called the effective rate or Annual Percentage Yield (APY). Annual Percentage Yield can be found by calculating the rate portion of the compound interest equation for one year, then subtracting 1: . In the example of 5% compounded quarterly, we get . ................
................

In order to avoid copyright disputes, this page is only a partial summary.