conversation: User (PDonz): "More specifically I'm trying to gauge my short term investment options, so given an APY of 1%, what am I expected to earn in interest over 12 months. Note: dividends compounded daily, yields monthly. I tried using an interest rate calculator, but it asks for actual interest rate, not APY, and my bank only lists APY."
  Self: "APY is the "actual" interest rate taking into account compounding. APR is without taking into account compounding.\n\n"
  