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:
“In the examples that I here bring in of what I have [read], heard, done or said, I have refrained from daring to alter even the smallest and most indifferent circumstances. My conscience falsifies not an iota; for my knowledge I cannot answer.”
—Michel de Montaigne (15331592)
“No rules exist, and examples are simply life-savers answering the appeals of rules making vain attempts to exist.”
—André Breton (18961966)
“It is hardly to be believed how spiritual reflections when mixed with a little physics can hold peoples attention and give them a livelier idea of God than do the often ill-applied examples of his wrath.”
—G.C. (Georg Christoph)