The annual rate of return on an investment.
Examples:
• $1,000 invested at 10% per year earns $100 in one year, and has an APY of 10%
• $1,000 invested at 5% per half-year earns $102.50 in one year, and has an APY of 10.25%
The annual rate of return on an investment.
Examples:
• $1,000 invested at 10% per year earns $100 in one year, and has an APY of 10%
• $1,000 invested at 5% per half-year earns $102.50 in one year, and has an APY of 10.25%
