About APY Calculator
The APY Calculator is used to calculate the annual percentage yield (APY).
Annual percentage yield (APY) is a normalized representation of an interest rate, based on a compounding period of one year.
The annual percentage yield calculation formula is as follows:
APY = (1 + r/n)n - 1
r = stated annual interest rate (nominal interest rate)
n = number of compounding periods per year
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