Cryptocurrency Q&A What is 5% APY on $100?

What is 5% APY on $100?

EchoSeeker Sat Sep 21 2024 | 5 answers 1145

Could you explain what exactly is meant by a 5% Annual Percentage Yield, or APY, on a balance of $100? How does this interest rate translate into the amount of money I could potentially earn over the course of a year? And what factors might affect this calculation, if any? What is 5% APY on $100?

5% apy $100 interest

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What is 5% APY on $100?

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