# Effective Annual Yield for Money Market Instruments

For a money market instrument such as a T-bill, Effective Annual Yield is the annualized value of the Holding Period Return and is calculated using the following formula:

In our T-bill example, the HPR was 2.53%. If the holding period was 90 days, we can calculate the effective annual yield as follows:

## Data Science in Finance: 9-Book Bundle

Master R and Python for financial data science with our comprehensive bundle of 9 ebooks.

### What's Included:

- Getting Started with R
- R Programming for Data Science
- Data Visualization with R
- Financial Time Series Analysis with R
- Quantitative Trading Strategies with R
- Derivatives with R
- Credit Risk Modelling With R
- Python for Data Science
- Machine Learning in Finance using Python

Each book includes PDFs, explanations, instructions, data files, and R code for all examples.

Get the Bundle for $39 (Regular $57)## Free Guides - Getting Started with R and Python

Enter your name and email address below and we will email you the guides for R programming and Python.