Annual Percentage Yield (APY) and Future Value and Effect function in Excel by Chris Menard
16:38
YouTubeChris Menard
Annual Percentage Yield (APY) and Future Value and Effect function in Excel by Chris Menard
APY vs. Interest Rate. Learn the difference between the Annual Percentage Yield (APY) and the Interest Rate. We will also look at the Future Value function and the Effect Function in Excel. The APY uses both the interest rate and compounding interest. APY takes compounding into account while the interest rate does not. APY is prominently ...
18.6K viewsJan 9, 2020
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