How to Calculate CD Interest
By A Mystery Man Writer
Description
First Merchants Resource Library provides you with articles, insights and education to help you more efficiently manage your money.
If the first thing that springs to mind when you hear the letters CD is a CD-ROM, you might have a lot of questions about what a certificate of deposit (CD) is, how they work, and how much money you could earn in interest. Rest assured: you’re in the right place!
If the first thing that springs to mind when you hear the letters CD is a CD-ROM, you might have a lot of questions about what a certificate of deposit (CD) is, how they work, and how much money you could earn in interest. Rest assured: you’re in the right place!
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You invest $5,000 into a CD that is compounded every month. The interest rate is 1.25% and you leave the
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