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APY Calculator

Calculate the Annual Percentage Yield from a nominal interest rate and compounding frequency.

Formula v1.0.0GlobalMethodologyapy-v1
How this is calculated
APY = (1 + nominal rate ÷ n)^n − 1

About this calculator

The APY calculator converts a nominal (stated) annual interest rate into its Annual Percentage Yield, accounting for compounding frequency, and projects the maturity value of a deposit.

Worked example

5% nominal rate, compounded daily

Result: APY ≈ 5.13%

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