Reviewed by: David Chen, CFA
David Chen is a Certified Financial Analyst with over 10 years of experience in financial planning.
David Chen is a Certified Financial Analyst with over 10 years of experience in financial planning.
This CD calculator helps you calculate the value of a Certificate of Deposit (CD) based on APY and APR.
cd calculator with apy and apr
Not calculated yet.
cd calculator with apy and apr Formula
APY = (1 + APR/n) ^ n - 1
Formula Source: Investopedia
Variables:
- APR: Annual Percentage Rate (interest rate)
- Principal: Initial amount of money invested
- Term: Duration of the investment in years
Related Calculators
What is APY?
APY is the effective annual rate of return taking into account the effect of compounding interest.
How to Calculate cd calculator with apy and apr (Example)
- Step 1: Enter the APR, principal amount, and term.
- Step 2: Click “Calculate” to get the APY.
- Step 3: Review the results and calculation steps.
Frequently Asked Questions (FAQ)
How do I calculate APY from APR? Use the formula: APY = (1 + APR/n) ^ n – 1.
Can I use this calculator for any term? Yes, just enter the term in years.
What is the difference between APR and APY? APR does not account for compounding, while APY does.