Calculating Average Percentage Yield (APY) with T-SQL

Posted by M. Travis Volker on Stack Overflow See other posts from Stack Overflow or by M. Travis Volker
Published on 2010-03-23T23:07:35Z Indexed on 2010/03/23 23:53 UTC
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calculation

How do you calculate Average Percentage Yield (APY) with T-SQL? Is there a system function to calculate APY or do I have to create one?

Note: APY = (1 + r/n )^n – 1 where r is the stated annual interest rate and n is the number of times you’ll compound per year.

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