Investing in 5 year rung cds
Forgive me if this is a rudimentary question. I’m considering investing about 50% in cds, with interest starting on rung one of 4.3% and increasing to 4.75 on rung 5. The calculator is stating this will provide an annual cash flow of 2315. Does that mean that at the end of 5 years, I will have 11,575 in interest?