Difference between revisions of "Interest Rate APR/APY Conversion"
Jump to navigation
Jump to search
(Created page with "p = periods of compounding. Example: monthly then p = 12 APR = ((APY + 1)**1/p - 1) * p APY = (1 + APR/p)**p - 1") |
m |
||
| Line 4: | Line 4: | ||
APY = (1 + APR/p)**p - 1 | APY = (1 + APR/p)**p - 1 | ||
| + | |||
| + | [[Category:Math]] | ||
Latest revision as of 17:31, 31 December 2019
p = periods of compounding. Example: monthly then p = 12
APR = ((APY + 1)**1/p - 1) * p
APY = (1 + APR/p)**p - 1
