Interest Rate Converter
The Interest Rate Converter is a simple yet powerful tool that helps users convert between Annual Percentage Rate (APR) and Annual Percentage Yield (APY) based on compounding periods per year.
Key Features:
- APR to APY Conversion – Converts a given APR into its effective APY using compounding periods.
- APY to APR Conversion – Converts a given APY back into its equivalent APR.
- User-Friendly Interface – Intuitive design with dropdown selections and input fields.
- PDF Download Feature – Users can download the conversion details in a PDF format for reference.
User Guide
Enter the Interest Rate:
- Input the interest rate value in the field (e.g., 5.0%).
Select Compounding Periods:
- Enter the number of times interest compounds per year (e.g., 12 for monthly compounding).
Choose Conversion Type:
- Select either APR to APY or APY to APR from the dropdown.
Calculate the Conversion:
- Click the Convert button to display the converted interest rate.
Download the Conversion:
- Click Download Conversion as PDF to save the details.