| Annual Percentage Yield - APY | |
 The effective annual rate of return taking into account the effect of compounding interest. APY is calculated by:  |
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 For example, a 2% per month rate has an yearly APY of 26.8%. This differs from APR, which does not take compounding into account. |
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 Money Market Tutorial - If your investments in the stock market are keeping you from sleeping at night, it's time to learn about the safer alternatives in the money market. How the Distinction Between APR and APY Affects You - Learn and ensure the different rates quoted to you by banks and institutions are what they claim to be. Understanding The Time Value Of Money - Find out why time really is money by learning to calculate present and future value. |
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