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.
The effective annual rate of return taking into account the effect of compounding interest. APY is calculated by: The resultant percentage number assumes that funds will remain in the investment vehicle for a full 365 days.he APY is similar in nature to the annual percentage rate. Its usefulness lies in its ability to standardize varying interest-rate agreements into an annualized percentage number.