Difference in compounding an APR in daily or monthly basis to APY (not discounting dilution or price variation).
E.g. 1,000 & 10% APR
1,000 × 1.00833^12 = 1,104.67
1,000 × 1.000274^365 = 1,105.167
You're probably better finding more sources of income. Time is the potence, GL!
I appreciate you breaking this down ... you are right in that another source of income would EASILY beat that difference from APY to APR. That's a solid Hive post's worth of difference.
Yeap, people could waste too much time not thinking on that instead of something else...
Or just touching some grass...
The compound factor makes more sense for larges amounts of money to scale, more for stocks or bonds view, initially makes sense to stack in any other way...
100 percent with you on touching grass and other positive activities ... $4-5 extra isn't worth the time it takes to chase it down.