Consider melting or smelting your gold, silver, and other metals yourself! But first understand that there is a big difference between melting and smelting. Melting means to change something from a solid to a liquid by the application of heat. When the heat is removed, the melted material returns to its solid state.
Community Q&A. Annual percentage yield (APY) represents the rate of interest on a certificate of deposit, savings account or other investment. Typically annual percentage yield is calculated for accounts receiving compounded interest rather than a simple interest reflecting the nominal (official) interest.rate. One use of APY is to compare the potential incomes from different investment opportunities.
APY. Annual Percentage Rate (APR) is normally used when you borrow money, such as mortgage loan. It is an annual interest rate without taking the compounding of interest within that year. For example, if a mortgage rate is 6% APR.It means, you will need to pay an interest of 6%/12 = 0.5% every month.ompound Interest Calculator. The Compound Interest Calculator can be used to compare the interest rates of different compound periods. By definition, the APR is the interest rate compounded monthly and APY is the interest rate compounded annually.