APR and APY converter
I’ve made spreadsheet that converts an APR to an equivalent APY (and vice versa) to complement my article about the difference between APR and APY.
You have to enter a frequency of compounding. Many savings accounts like ING’s Orange Savings compound interest monthly. This means you enter 12 for the compounding frequency.
For the spreadsheet: See Financial Tools
Share this post:
Previous post: A job you hate can be a paid learning opportunity in disguise
Next post: The strategy of limiting options: why less can be more
