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.
To determine the APR and APY on accounts with compounding interest, start with the interest rate per compounding period â again, in this case that means per day. Target Corp. offers a credit card that levies interest of 0.06273% daily. Multiply that by 365, and thatâs 22.9% per year, which is the advertised APR.