What is the difference between APR and APY? How can you compare them? Why is it that when an advertisement lists an interest rate that is paid to you, it is always listed as APY? Why is it that when an advertisement lists an interest rate that is paid to them, it is always listed as APR? Wonder no more! APWhat converts APR to APY and vice versa. Simply set the number of payments per year (periods per year): -Yearly (1) -Semi-Annual (2) -Quarterly (4) -Monthly (12) -Fortnight (26) -Weekly (52) And then scroll either the APR or the APY number pickers. The other number picker will scroll to maintain a perfect match! The Math: -APR (Annual Percentage Rate) is equal to the periodic interest rate multiplied by the number of payments per year. Compounded interest is not factored. -APY (Annual Percentage Yield) is the yield that results from compounding the periodic interest over each payment period for an entire year.
Size: 41.95 KB
Price: $ 0.00
Developed by Brian Bauer Software
Day of release: 2011-10-7
Recommended age: 4+