Interest Rates – MoneyABCs

Explore Interest Rates

An online article resource that helps the reader understand interest rates on houses.

Calculating Annual Percentage Yield (APY) 141-32

Gives mathematical examples to show how you would calculate annual percentage yield (APY) on a savings account or related bank product

APR vs. APY: What’s the Difference?

Explains what annual percentage rate (APR) is in terms of loans, as well as what annual percentage yield (APY) is in terms of compound interest. Uses certificates of deposits (CDs) as an example

Difference between APR and APY? COMPOUND INTEREST!

Explains how compound interest works and how compound interest factors into APY as opposed to the APR

APR and EAR Differences and Calculation (Intermediate Accounting I #7)

Compares annual percentage rate (APR) to simple interest and effective APR (EAR) to compound interest. Uses mathematical examples to show that EAR is a more accure depiction of how much you will pay for a loan

Annual Percentage Rate (APR) and Effective APR

Uses mathematical examples to calculate the annual percentage rate (APR) from a credit card’s daily periodic rate. Then uses mathematical examples to calculate the effective APR (EAR), a more accurate version of the APR. Knowledge of compound interest is

APR vs Interest Rate

Gives examples of how annual percentage rate affects the cost of a loan. While the video uses a business loan as an example, the information here applies to any type of loan