answersLogoWhite

0


Best Answer

APY = (1+ period rate)# of period - 1

Where period rate = APR / # of compounding periods in a year

User Avatar

Wiki User

14y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is the formula to find an APY?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is the APR and APY for Wells Fargo Checking?

There are various checking options, all with different fees and APY. They will also differ by state. Check wellsfargo.com or call your local branch to find current APY.


How can one determine the annual percentage yield (APY) from the annual percentage rate (APR)?

To determine the annual percentage yield (APY) from the annual percentage rate (APR), you can use this formula: APY (1 (APR/n))n - 1, where n represents the number of compounding periods in a year. This formula takes into account the effect of compounding on the overall yield.


How do you calculate the annual percentage yield (APY) on a certificate of deposit (CD)?

To calculate the annual percentage yield (APY) on a certificate of deposit (CD), you can use the formula: APY (1 (interest rate/n))n - 1, where the interest rate is the annual interest rate and n is the number of compounding periods per year.


How to find the annual percentage yield?

To find the annual percentage yield, you can use the formula: APY (1 (nominal interest rate / number of compounding periods)) (number of compounding periods) - 1. This formula takes into account the compounding of interest over a year to give a more accurate representation of the yield.


What is the equation used to figure what the interest rate of return is in a CD for example?

1) Given the CD investment: 20,000 2) Given the 15 months return of: 21,095.20 What formula can I use to find the APY ?? PG.


Where can you find a few of the best money market rates available?

Currently, here are some of the top highest rates for money market accounts: Capital One (1.10% APY); Ally (1.04% APY); Discover (1.15% APY); and Flagstar Direct (1.11% APY). Some of these may have minimum deposit and/or minimum balance requirements. Also keep in mind that bank rates can and do change often.


How do you calculate annual percentage yield?

To calculate annual percentage yield (APY), you need to consider the interest rate and the frequency of compounding. The formula is: APY (1 (interest rate / number of compounding periods)) number of compounding periods - 1. This formula takes into account how often the interest is compounded within a year to give a more accurate representation of the annual return on an investment.


What bank gives their patrons the highest CD rate?

That depends on your term length. At a term length of 12 months the best APY I can find is Nexity at 1.31%. At 5 years Affinity gives 2.50% APY with a minimum of $500.


How you will contribute in APY after your return to Armenia?

You can visit the embassy in Armenia if you want to contribute in APY after your return to Armenia.


What is the difference between APY and interest rate?

The difference between APY and interest rate is that APY (Annual Percentage Yield) takes into account compound interest, while the interest rate does not. APY reflects the total amount of interest earned on an investment or savings account over a year, including the effect of compounding.


Is the APY offered by Robinhood good compared to other investment platforms?

The APY offered by Robinhood is generally lower compared to other investment platforms.


Where might one find top money market rates?

Ally Bank, Capital One, and EverBank offer some of the highest-yielding money market account options (between .75%-.86% APY). SmartyPig is a similar type of account, allowing users to earn 1% APY.