Stats will show how much I've added to my HBD stack. 12% is a great rate, and since it is compounded monthly we see that 1.01 ^ 12 = 1.126825 so the actual yearly gain is about 12.7% I am IN at the current terms and look forward to seeing what else we can do with Hive CDs and Hive Bonds. Keep leading the charge, great job!
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I was waiting for this.. I don't have my calculator close by.. But this is the real compounding interest rate going by your formulae.
.thanks..
Yes the APY is actually greater. That is a point I skipped for obvious reason. Just looking to give people an overview.
Obviously when dealing with APY as well as ongoing contributions, the numbers can get pretty large.
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