> $deposit * 0.0483 / 365 * 180 = $interest.

Rookie # 2 here. I'm sorry but could you kindly explain the math another way? The asterisks and the $ sign in front of interest have me confused. I do understand that for example if the investment was $100 and the yield was annualized at 4.83% and the investment was for 6 months that you would not be getting $4.83 at the end of 6 months but rather $2.415 but I don't understand what is being multiplied and divided in the example above.

My math skills (understanding) are from " The Little House on the Prairie"