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# Interest by Frequency

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## APY Calculator Online

APY stands for annual percentage yield and also known as an effective annual rate. The annual percentage yield is the real rate of the return earned on investments by the effect of the compounding interest. Compound interest is calculated periodically and the earned interest is added to the balance.

APY is different from APR. APR is the annual percentage rate that is calculated without considering the compound interest. And on other hand, APY does take the effects of compounding within a year in the calculation.

The Formula for calculating Annual Percentage Yield (APY) is as follows:

APY = (1 + R / CF)CF - 1

Where

• R - Interest rate of return
• CF - Compounding Frequency and number of times the interest is compounded per year (e.g. 12 for monthly and 4 for monthly)

And calculate the future value and interest by compound interest formula:

FB = ID * (1 + R/CF) (T*CF)

## What can you do with APY Calculator?

• It helps to calculate APY and helps to project your future interest earnings.
• Users can see the accurate APY, final balance and interest. And also can see the final balance in words.
• The chart represents the growth of the total amount and initial amount by the scale of two years.
• Users can easily see their calculations in detail by the table. Based on the selected compound frequency table describes the opening balance, your earned interest, closing balance and period.
• This calculator helps to share your calculations by URL.