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how to calculate the annual percentage yield. A lower interest rate with more frequent compounding could result in higher earnings. Your annual percentage yield can be as high as 125 based on the following combined rate rewards.
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Heres how to calculate APY and what it means for your savings. Next enter the values for the Term and choose the unit of measurement from the drop-down menu. When you put money into a savings account the bank generally reports the annual percentage rate APR and the frequency of compounding interest.
Your annual percentage yield can be as high as 125 based on the following combined rate rewards.
APY or annual percentage yield is the amount of interest accrued on money over a year taking into account any interest compounding which can be calculated quickly using Excel Step 1 Open Excel and start with a blank worksheet. The bank compounds the interest for 8 months. APY 1 APRn n 1. Raise the result to the number of compounding periods in a year and then subtract 1 to calculate the APY in decimal format.
