[skideeppow]

Yes Sean, I realize that. Since I'm getting paid back daily, shouldn't the yield b higher?

[Andy]

Yes Sean, I realize that. Since I'm getting paid back daily, shouldn't the yield b higher?

It is only higher if you continuously reinvest it . That is what makes the daily payments yield more. For example, if you look at daily payments of 100 vs a month payment of 2100. Both equal to 2100 at the end of the month.

As you are getting 100 a day, you can continue to reinvest it as it comes in , which will raise your yield, as opposed to having to wait to the end of the month to get the one payment of 2100 to reinvest.