Difference Between APR and APY: What Banks Aren't Telling You
Published April 2, 2021
Views 2.41K | Likes 69 | Comments 24
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In today’s video, we look at the difference between APR and APY. The definition of APR is “Annual Percentage Rate” and is interest that does not take compound interest into account. The definition of APY is “Annual Percentage Yield” and does account for compound interest. APY is generally associated with savings …
- Published
- April 2, 2021
- Made for kids
- No
More features coming
We're working on new analytics and tools. Stay tuned.