06/06/2022
📊 These are two of the financial tools to use compound interest.
📍 Annual Percentage Rate or APR
📍 Annual Percentage Yield or APY
📤 APR is the annual interest paid on an investment, without taking into account the interest earned in the same year.
📥 APY, takes into account the frequency with which the interest is applied and it is added to the investment capital.
🙄 Do you know the difference? 🔽