Math Definitions - Letter A
Chapters
Definition of Annual Percentage Yield
Definition of Annual Percentage Yield
The annual percentage yield (APY) is the actual percentage rate that your investment returns each year.
For example, if you invested \(\$2,000\) at an interest rate of \(6%\) per year, compounded annually, you would earn \(\$120\) in one year, which corresponds to an APY of \(6\%\).
However, if you invested \(\$2,000\) at an interest rate of \(3\%\) per six months, you would earn \(\$121.80\) interest in one year, which corresponds to an APY of \(6.09\%\)
Description
The aim of this dictionary is to provide definitions to common mathematical terms. Students learn a new math skill every week at school, sometimes just before they start a new skill, if they want to look at what a specific term means, this is where this dictionary will become handy and a go-to guide for a student.
Prerequisites
None
Audience
Year 1 to Year 12 students
Learning Objectives
Learn common math terms starting with letter A
Author: Subject Coach
Added on: 4th Dec 2017
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