Cryptocurrency Q&A
How does 7 day APY work?
How does 7 day APY work?
Giulia
Mon Nov 18 2024
|
6 answers
1085
I'm trying to understand how 7-day APY works. Could someone explain it to me in simple terms, including how it affects my investments and how it's calculated?
6 answers
Lucia
Wed Nov 20 2024
The seven-day yield serves as a metric to gauge the annualized return of a money market fund.
Was this helpful?
76
74
SsangyongSpiritedStrengthCourageBravery
Wed Nov 20 2024
This yield is computed by determining the net difference between the fund's price today and its price seven days prior.
Was this helpful?
90
95
Valentina
Tue Nov 19 2024
The net difference is then multiplied by an annualization factor to arrive at the seven-day yield.
Was this helpful?
92
31
InfinityVoyager
Tue Nov 19 2024
Money market funds are generally considered to be low-risk investments.
Was this helpful?
365
81
Valentina
Tue Nov 19 2024
Investors often look at the seven-day yield as an indicator of the fund's performance.
Was this helpful?
129
68
Load 5 more related questions
