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URL:  http://boards.fool.com/how-much-is-525-apy-anyway-11639126.aspx

Subject:  How much is 5.25% APY anyway.. Date:  12/10/1999  11:09 AM
Author:  Isiszion Number:  21611 of 308568

OK you foolish mathmaticians, I need a little help. Im not the greatest with math so here goes. Im trying to decipher exactly how this works and how much money I would make on intermediate savings account.

If Providian National is offering an APY of 5.25% on $2000 that's being compounded daily. How do I really figure out how much money I'd be getting in interest for sayyy 2yrs.

Appreciate all responses.

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