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.
By definition, APR is Annual Percentage Rate and APY is Annual Percentage Yield. Try this trick to help you keep the two straight: you pay a rate on a loan and you earn a yield on an investment. Now letâs dig a little deeper into the differences between APR and APY.