APR to APY Calculator
Convert between APR (Annual Percentage Rate) and APY (Annual Percentage Yield) based on compounding frequency.
APY
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APR
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APY
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Difference
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APR vs APY
| Feature | APR | APY |
|---|---|---|
| Full Name | Annual Percentage Rate | Annual Percentage Yield |
| Compounding | Does not include | Includes compounding |
| Used For | Loans, credit cards | Savings, investments |
| Always Higher? | No (lower than APY) | Yes (higher than APR) |
Formulas
- APR to APY: APY = (1 + APR/n)n - 1
- APY to APR: APR = n × [(1 + APY)1/n - 1]
Where n = number of compounding periods per year.