abstract:Annual percentage yield (APY) (also called Effective Annual Rate (EAR) in finance) is a normalized representation of an interest rate, based on a compounding period of one year. APY figures allow for a reasonable, single-point comparison of different offerings with varying compounding schedules.
It is estimated that a majorpercentage of theannualyield of revenuefromsales is generated duringthe month or more of intense ChristmasshoppingbeforeChristmas.