Da same ting?
nat da sam ting!
http://www.simplecleareasy.com/2012/02/apr-vs-ear-annual-percentage-rate.html
EAR = (1+APR/n) ^ n -1
oh, so APR is simpled annualised nominal rate?
So APY = EAR?
Da same ting?
nat da sam ting!
http://www.simplecleareasy.com/2012/02/apr-vs-ear-annual-percentage-rate.html
EAR = (1+APR/n) ^ n -1
oh, so APR is simpled annualised nominal rate?
So APY = EAR?