Annual Percentage Yield
The annual percentage rateThe interest rate adjusted to reflect any associated expenses, such as closing costs, mortgage insurance or loan origination fees. Annual percentage rates are always stated before consideration of... More after consideration of the impact of compounding. Annual percentage yield is the same thing as the effective annual rateThe annual percentage rate after consideration of the impact of compounding. Effective annual rate is the same thing as the annual percentage yield. More.
I am also a retired property-casualty actuaryA professional who assesses and manages the risks of financial investments, insurance policies and other potentially risky ventures. Source: www.investopedia.com/terms/a/actuary.asp More (someone who works with the math and statistics related to insurance). I spent a significant portion of my career building statistical models of all of the financial risks of an insurance company and interpreting their findings to help senior management make better financial decisions. I retired in my late 50’s, which one of my daughter’s friends thought clearly qualified me to write this blog. Read more about Susie Q