Thread: What is APY?
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Old 12-22-2014, 10:55 AM
shah_vikas shah_vikas is offline
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Join Date: Oct 2014
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Google says
Annual percentage yield (APY) 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.
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