Yield on a short-term cash holding.
A worked example
Starting figures
- Invested
- $50,000
- Quoted APY
- 5%
- Days held
- 90
What it returns
- Interest earned
- $605.16
- Ending value
- $50,605.16
- Per day
- $6.72
How to read the results
With the defaults above, interest earned works out at $605.16.