Math in Daily Life : How to Calculate Annual Percentage Yield

[whoo689]

Thanks to APY, which actually means that the LISTED rate (1 or 2% or whatever) is actually DIVIDED BY 365 or 12 or whatever, the REAL rate you get daily or monthly is EXTREMELY LOW. If you don't wanna wait forever and wanna make a huge return on investment, it seems ALMOST POINTLESS to put any money in a savings account unless it's something like 100 or 500 grand. Even 50,000 with a CD of 1.2% only gets you 600 bucks back????

...How do we let banks get away with this?

[mrendor]

Hello, I like how you educate us with different calculations. I have a question. Can you teach us how to calculate cost shifting and cost cutting? This is my homework in one of my accounting class. Thanks.. Can't wait..

[liznboys]

If I plant $10k in an account with a 1.50% APY for one year. How much will my balance be at years end???Is it $10,000 x .015 = $150? $150/12 mos = so my 10k is earning like $12.50 per month? 10,000 x .150 = $1,500 seems way too high.

Where do I put the decimal point ???

[Kevin323gaw]

@liznboys Now that's my question as well :0

[wohs145]

Okay, now do it.

[genelee16]

awesome.

[whety]

me too , but this one is intersting too.

[OzzyBizzle]

i came here percentage yield in chemistry lol