APR vs. APY – The Difference Between

The difference between APY and APR APY and APR are two acronyms that refer to compound interest. Albert Einstein once said that compound interest is the greatest force on the planet. It has a tremendous impact on our lives, especially on our finances. APY stands for “annual percentage yield” and APR stands for “annual percentage […]

Filed under Business & Finance

APR (Annual Percentage Rate) vs. Interest Rate – The Difference Between

Understand the difference between Annual Percentage Rate (APR) and Interest Rate You earn interest on money that you invest and you pay interest on money that you borrow. This is essentially the main difference between APR (annual percentage rate) and interest rate. When you put money into your savings account, purchase bonds or invest it […]

Filed under Business & Finance