Annual percentage yield (APY) is the effective annual rate of return on an investment. Learn how it accounts for compounding interest and how it differs from APR.

Begin with the following formula:=PV*(1+R)^NEither write this formula in an Excel spreadsheet cell or elsewhere for reference. Enter the present value in an Excel spreadsheet cell in place of "PV," ...

The concept of compounding has long been a trusted strategy for growing wealth. By earning returns on both the initial ...