## Annual Percentage Yield

here,r=started annual interest rate,n=number of times compounded.

## $$[1+\frac{r}{n}{]}^{n}-1$$

Annual percentage yield (APY) (also called Effective Annual Rate (EAR) in finance) is a normalized representation of an interest rate, based on a compounding period of one year. APY figures allow for a reasonable, single-point comparison of different offerings with varying compounding schedules. However, it does not account for the possibility of account fees affecting the net gain. APY generally refers to the rate paid to a depositor by a financial institution, while the analogous annual percen

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