"It is often purported that Albert Einstein referred to compound interest as the greatest force on earth. Strong words from one of the smartest men to ever live. Although this article's intention is not to ponder Einstein's most compelling views, we do intend to demonstrate the importance of understanding the difference between Annual Percentage Rate (APR) and Annual Percentage Yield (APY) and how one takes compounding into account while the other does not can affect the amount you pay on a loan or the amount you receive as a lender. ...
*출처: Investopedia(APR vs. APY: How the Distinction Affects You)
cf. Wikipedia: effective interest rate
2008년 5월 27일 화요일
APR vs. APY: How the Distinction Affects You
피드 구독하기:
댓글 (Atom)
글
댓글
댓글 없음:
댓글 쓰기