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.
In other words, a 5% interest rate with monthly compounding results in an APY of 5.116%. Try changing the compounding frequency and youâll get an idea of how the APY changes. For example, you might show quarterly compounding (4 times per year) or the unfortunate 1 payment per year (which just results in a 5% APY). The APY Formula. If you like doing math the old fashioned way, hereâs how to calculate APY: APY = (1 + r/n ) n â 1 where r is the stated annual interest rate and n is the number of compounding periods per year. Finance people will recognize this as the Effective Annual Rate (EAR) calculation. How to Get the Best APY. APY is higher with more frequent compounding periods.