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Earn +20 ptsQ: How much will 50000 earn at 1 percent apy?
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How much is 150000 dollars with 5 percent apy over 10 years?
{| |- | $244,334 |}
What is the APY for 6 percent compounded weekly?
Apyweekly = (1 + 0.06/52)52 - 1 = 0.061800 = 6.18%
Why would one want an APY calculator?
By using an APY calculator, one can determine their interest earnings alongside the duration of months that the funds will continue to be invested. These calculators can be found on My Bank Tracker.
Why APR and APY are the same with annual compounding?
Year number is 1 and will not affect them
When will the APR of a credit card be equal to its APY?
when interest compounds annually , I believe.
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