Examples
- If one has $1000 invested for 30 days at a 7 day SEC yield of 5%, then:
- (0.05 × $1000 ) / 365 ~= $0.137 per day.
Multiply by 30 days to yield $4.11 in interest.
- If one has $1000 invested for 1 year at a 7 day SEC yield of 2%, then:
- (0.02 × $1000 ) / 365 ~= $0.05479 per day.
Multiply by 365 days to yield $20.00 in interest.
Read more about this topic: 7-day SEC Yield
Famous quotes containing the word examples:
“There are many examples of women that have excelled in learning, and even in war, but this is no reason we should bring ‘em all up to Latin and Greek or else military discipline, instead of needle-work and housewifry.”
—Bernard Mandeville (1670–1733)
“Histories are more full of examples of the fidelity of dogs than of friends.”
—Alexander Pope (1688–1744)
“No rules exist, and examples are simply life-savers answering the appeals of rules making vain attempts to exist.”
—André Breton (1896–1966)