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Post# of 34471
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UpstateChris

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UpstateChris

Re: Gene_finder post# 3950

Tuesday, 09/14/2010 2:56:52 PM

Tuesday, September 14, 2010 2:56:52 PM

Post# of 34471
If I understand this correctly, a 3 month deposit - similar to a CD, committed to leaving the funds in for 3 months yields 1.71% APR. I don't have an amortization table in front of me, nor do I know the compound frequency, so let's just say the actual yield over 1Q is 1/4 of this, or 0.43%. That is still locked up - not a true short term rate (which has no time commitment). Short term rates are significantly less in the U.S. - no idea about China.

Correct?

If so, I am not seeing a problem with the numbers.

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