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Tax Equivalent Yield Calculator

When I wrote about Vanguard’s Tax Exempt Money Market Fund VMSXX [3], I explained how you calculated tax equivalent yield. Rather than have you struggle through my poor explanation skills, I built this calculator to calculate the tax equivalent yield for you.

Tax Equivalent Yield Calculator

Enter your tax bracket [4] rate? %
Enter the tax-exempt yield (interest rate): %
The tax-equivalent yield is: %

Anything I should add?