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bkcd_ds_apy

bkcd_ds_apy (routine)

Calculates the APY for a discount bank CD

Introduced in release: 1.98
Component: Generic
Purpose: This routine calculates the Annual Percentage Yield (APY) for a discount (zero coupon) Certificate of Deposit using rules from Regulation DD.

Results: The calculated APY is returned accurate to as many places as supported by a double precision value.

Error Conditions: Returned values should be ignored for a non-zero status. See Errors.

Last Mod Date: 11/17/2000© 2001 TIPS, Inc.Doc Version: 5.0