What does 4.6 apy mean

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How does this annual percentage yield calculator work. What is APY?PARAGRAPH.

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Certificates allow you to lock your APY-or actual return-is greater ranging from one month to of return will be.

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Annual Percentage Yield (APY) and Future Value and Effect function in Excel by Chris Menard
The annual percentage yield (APY) is the effective rate of return on an investment for one year taking compounding interest into account. Annual percentage yield (APY) is the effective annual rate, or real rate, of return of an investment if the interest earned each period is compounded. APY is a measure of how much your money will grow by in one year as a percentage of the initial amount. The number should be present on the.

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A much easier and time-saving solution is to use our APY calculator. The latter stands for annual percentage rate and is normally associated with loans and mortgages. But if you sign up for another CD later, you may receive a different rate. Read more in our compound interest explainer.

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