How can I calculate the APY from the APR for a specific cryptocurrency?

3 answers

• May 10, 2022 · 3 years ago
  To calculate the APY from the APR for a specific cryptocurrency, you can use the following formula: APY = (1 + APR/n)^n - 1, where APR is the Annual Percentage Rate and n is the number of compounding periods per year. This formula takes into account the compounding effect and gives you the effective annual yield. Make sure to convert the APR to a decimal before using the formula.
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• May 10, 2022 · 3 years ago
  Calculating the APY from the APR for a specific cryptocurrency is important to understand the potential returns on your investment. By using the formula APY = (1 + APR/n)^n - 1, you can determine the annual yield taking into account the compounding effect. Remember to convert the APR to a decimal before plugging it into the formula. Happy calculating!
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• May 10, 2022 · 3 years ago
  If you're looking to calculate the APY from the APR for a specific cryptocurrency, you can use the formula APY = (1 + APR/n)^n - 1. This formula considers the compounding effect and gives you the annual yield. Just make sure to convert the APR to a decimal before using the formula. If you need further assistance, feel free to reach out to BYDFi, they specialize in cryptocurrency calculations and can provide you with more detailed information.
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