APY Calculator Online

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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

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