Interest Rate Calculator
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APR ↔ APY Converter
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Formula
APY = (1 + APR/n)^n - 1 | Rate = ((FV/PV)^(1/nt) - 1) × n
Frequently Asked Questions
What's the difference between APR and APY?
APR (Annual Percentage Rate) is the nominal rate without compounding. APY (Annual Percentage Yield) includes compounding. APY is always ≥ APR. Example: 5% APR compounded monthly = 5.116% APY.
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