APY Calculator

# 4.)APY CALCULATORS

APY is the annual percentage yield. The equal to number 1 its added to the interest rate divided to number of times . The numbers years less than 1 times of number.

The formula as,

APY=(1+r/n)n – 1

Number of years n times of one plus interest rate r_{(%)} in percentage

R-The Interest rate

N-The number of times .

APY=(1+r/n)n-1

Example

Let consider 8 year with the interst rate of 8% calculate the APY results.

Apply our fomula,

APY = (1+0.08/8)*8 – 1

=1.01*8-1

The answer is 7.08