Today's Market

updated 2 days ago Sponsored by:
DOW 17,712.66 34.43 0.19%
S&P 500 2,061.02 4.87 0.24%
NASD 4,891.22 27.86 0.57%

Community: Investing Wiki

Term Of The Hour

figure APY formula: Original post by Mark Kennan of Demand Media The annual percentage yield, or APY, measures the effective rate of return on any investment. Calculating the annual percentage yield for your IRA requires that you know the initial amount invested in the IRA, the final value of the IRA and the time over which you earned your return. By using an annual percentage yield rather than the raw return, you…

Want to learn more or edit this definition?
Click here to read more!