Sorry - I don't see any plausible explanation to my questions in the last three posts.. What shall I do with an external compound calculator when the fact seems that the daily interest does not fit to the annual rate percents? Any compound depends on the daily rate internally and the daily rate is wrong.
If you are incapable of understanding concepts such as compounding and APY, it may be worth reconsidering your financial investments.
People often get confused in the discrepancy between the annual rate and the expected daily rate, but once it’s explained how compounding affects the effective amount you will receive after a full year, it is much easier to comprehend.