The annual rate of return on an investment.

Examples:

• $1,000 invested at 10% per year earns $100 in one year, and has an APY of 10%

• $1,000 invested at 5% per half-year earns $102.50 in one year, and has an APY of 10.25%

The annual rate of return on an investment.

Examples:

• $1,000 invested at 10% per year earns $100 in one year, and has an APY of 10%

• $1,000 invested at 5% per half-year earns $102.50 in one year, and has an APY of 10.25%

See: Compound Interest

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