Jump to content

What's the APR?


dstebbins

Recommended Posts

I you have a savings account with 1% APY and monthly compounding interest, what's the APR?

 

Also, what would be the APR for a 1% APY savings account whose interest compounded quarterly, bi-monthly, semi-monthly, bi-weekly, weekly, and daily?

Link to comment
Share on other sites

I you have a savings account with 1% APY and monthly compounding interest, what's the APR?

 

Also, what would be the APR for a 1% APY savings account whose interest compounded quarterly, bi-monthly, semi-monthly, bi-weekly, weekly, and daily?

 

If this not a homework problem then it ought to be one.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.