question on cd interest
How could I figure out the monthly yied(interest on my investment) on say a 9 or 6 month cd that is paying 5.35% a year, Lets say for a 25k investment
Am I correct by doing this: 25,000 x .0535 = 1337.50 1337.50/12= 111.45 a month income???
thx in advance,