Effective Yield (Annual Percentage Yield – APY),”Suppose we invest $100 in the account paying 8% compounded quarterly. How much will we have at the end of the year? On your financial calculator, this is equivalent to investing for 4 periods (N = 4) at 2% per period

Effective Yield (Annual Percentage Yield – APY),”Suppose we invest $100 in the account paying 8% compounded quarterly. How much will we have at the end of the year? On your financial calculator, this is equivalent to investing for 4 periods (N = 4) at 2% per period

or:-100 PV4 N2 I/YrSolve: FV = $108.24″