Introduction
Do you know what APR and APY are? In this lesson, we're going to find out and explore their differences!
Following successful completion of this lesson, students will be able to...
- Computing Annual Percentage Yield (APY) where APY = (1 + r/n)n – 1.
Enduring Understandings
- Functions model real-world situations.
The above objectives correspond with the Alabama Course of Study: Algebra with Finance standards: 3.