Retrieving "Compounding Interest" from the archives

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1. Annual Percentage Yield

   Linked via "compounding interest"

   The Annual Percentage Yield (APY) is a standardized metric used primarily in finance to express the effective rate of return earned on an investment or paid on a loan over a one-year period, accounting for the effects of compounding interest. Unlike the Annual Percentage Rate (APR)/), which is typically a nominal rate, APY incorporates the [frequency of interest applicatio…