Examples
- If one has $1000 invested for 30 days at a 7 day SEC yield of 5%, then:
- (0.05 × $1000 ) / 365 ~= $0.137 per day.
Multiply by 30 days to yield $4.11 in interest.
- If one has $1000 invested for 1 year at a 7 day SEC yield of 2%, then:
- (0.02 × $1000 ) / 365 ~= $0.05479 per day.
Multiply by 365 days to yield $20.00 in interest.
Read more about this topic: 7-day SEC Yield
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—Michel de Montaigne (1533–1592)
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