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Subjects>Math>Math & Arithmetic

How can you calculate your CD interest rate?

Anonymous

∙ 13y ago

Updated: 9/20/2023

To calculate CD interest rate, all you have to do is to just multiply the principal amount you have invested in CD with interest rate. If u want to calculate for the monthly interest then divide the resultant with 12.

Wiki User

∙ 13y ago

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Continue Learning about Math & Arithmetic

What is the formula to calculate monthly interest rate if the annual interest rate is known?

Annual Interest Rate divided by 12= Monthly Interest Rate

What is the interest rate for 1 million dollars put on a CD after 1 year?

The interest rate on a CD can be different in each bank, and they change all the time. Generally, the interest rate is stated at the time you buy the CD, and it doesn't change on that one once you've bought it ... the rate won't be different "after 1 year".

Calculate the annual interest rate on a credit card if the monthly interest rate is 1.2.?

14.4 %. A+

Calculate the daily interest on a annual rate of 17.7?

0.04849 %

Calculate the annual interest rate on a credit card if the monthly interest is 1.2 percent?

14.4%

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Related Questions

How do you calculate the annual percentage yield (APY) on a certificate of deposit (CD)?

To calculate the annual percentage yield (APY) on a certificate of deposit (CD), you can use the formula: APY (1 (interest rate/n))n - 1, where the interest rate is the annual interest rate and n is the number of compounding periods per year.

How can I calculate the monthly interest rate from an annual interest rate?

To calculate the monthly interest rate from an annual interest rate, divide the annual rate by 12. This will give you the monthly interest rate.

What is the current 3 month CD interest rate?

The current 3-month CD interest rate is around 0.15 to 0.25.

What is the current interest rate for a three month CD?

The current interest rate for a three-month CD is around 0.15 to 0.25.

What is the current 12 month CD interest rate?

The current 12-month CD interest rate is around 0.5 to 1.0 on average.

What is the current interest rate for a 12 month CD?

The current interest rate for a 12-month CD is around 0.5 to 1.0 on average.

What is the current interest rate for a six month CD?

The current interest rate for a six-month CD is around 0.5 to 1.0 on average.

What is a good CD interest rate?

A good Cd interst rate would be above 1,5,currently Discover Bank New Castle, offer a Cd interest of 1.69

How can I calculate the daily interest rate for a financial investment?

To calculate the daily interest rate for a financial investment, divide the annual interest rate by 365 (the number of days in a year). This will give you the daily interest rate.

How can I calculate the monthly interest rate on a loan or investment?

To calculate the monthly interest rate on a loan or investment, divide the annual interest rate by 12. This will give you the monthly interest rate that is applied to the loan or investment.

What is the current interest rate for a 3 mo CD?

The current interest rate for a 3-month Certificate of Deposit (CD) is around 0.1 to 0.3.

How can you find the best CD interest rate?

The website Bankrate was able to list the best CD interest rates. Metlife offers a 1.290% interest rate, E-Loan offers a 1.250% interest rate, and Aurora Bank offers a 1.200% interest rate to name a few.

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