What does c/y mean in finance?
Understand the Problem
The question is asking for the meaning of the term 'c/y' in a finance context. This term could refer to a specific financial metric or abbreviation that is relevant to financial analysis.
Answer
Compoundings per year
In finance, 'C/Y' stands for 'compoundings per year', which refers to the number of times interest is compounded within a single year.
Answer for screen readers
In finance, 'C/Y' stands for 'compoundings per year', which refers to the number of times interest is compounded within a single year.
More Information
The number of compoundings per year (C/Y) is a significant factor in calculating compound interest, affecting the total amount of interest that accrues over time.
Tips
Common mistakes include confusing C/Y with the nominal interest rate or the payment periods per year (P/Y). Ensure to use the accurate value for C/Y to get correct interest calculations.
Sources
- Compound Interest - Montgomery College - montgomerycollege.edu
- In finance, what does c/y meaning represent in terms of interest calculations - ProPrep - proprep.com
