No one would buy stocks if money market funds returned 4% per month.
When you see an interest rate quoted, it's per year (annualized). So 4%, compounded monthly, means something like 0.3333% per month.
When you see an interest rate quoted, it's per year (annualized). So 4%, compounded monthly, means something like 0.3333% per month.
Statistics: Posted by Makefile — Sat Feb 01, 2025 10:18 pm — Replies 1 — Views 28