Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Banking (https://www.askmehelpdesk.com/forumdisplay.php?f=43)
-   -   Steps to calculate the APY of 4.6% (https://www.askmehelpdesk.com/showthread.php?t=453423)

  • Mar 2, 2010, 10:18 AM
    Fhough17
    Steps to calculate the APY of 4.6%
    A bank offers an APR of 4.6% compounded monthly
  • Mar 2, 2010, 10:21 AM
    Fhough17

    A bank offers an APR of 4.6% compounded monthly
  • Mar 2, 2010, 12:21 PM
    ArcSine
    APY =

    ... where n is the number of compounding periods per year. And be sure to express APR in decimal form in there.

    Likewise, the resulting answer will be in decimal form.

    • All times are GMT -7. The time now is 03:08 AM.