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APR vs. APY
Inside this lesson
- Define APR and APY.
- Convert an APR to an APY for any compounding frequency.
- Explain why APY exceeds APR as compounding frequency rises.
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Educational content only. This course explains finance concepts and the math behind them; it is not financial, investment, tax, accounting, or trading advice, makes no recommendations, and predicts no returns, prices, or outcomes. All figures are illustrative teaching examples. Consult a qualified professional before making financial decisions.