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The interest rate for a 7-month CD varies depending on the bank and current market conditions. It is typically higher than a regular savings account but lower than longer-term CDs. You can check with your bank or financial institution for the specific rate they offer for a 7-month CD.
What else can I help you with?
Can Cd rate change after bank sold?
No. A CD issued with a specified rate stands and the bank is liable to pay that interest, irrespective of whether the prevailing market interest rates are higher or lower. Remember it is a fixed rate, assuming the bank issued a CD to you at 7%, even if the market rates are only 6% the bank would give you 7%, similarly even if the market rates are 9% the bank would give you only 7%.
How much interest would 7 million pounds make a week month?
It would entirely depend on the type of deposit you make. For a regular CD or Fixed deposit interest rate is around 4% and taking 4% into account you will get 5384 pounds per week. You can calculate this using: Interest per year = p * n * r / 100 P - amount you deposit N - number of years R - rate of interest Interest per week = interest per year / 52
What is the quarterly interest rate if the annual percentage rate is 7 with monthly compounding?
The quarterly interest rate with monthly compounding for an annual percentage rate of 7 is approximately 1.75.
What is huntington banks interest rate?
7
What is the interest rate of 7 percent?
i have to know the money and time
Can Cd rate change after bank sold?
No. A CD issued with a specified rate stands and the bank is liable to pay that interest, irrespective of whether the prevailing market interest rates are higher or lower. Remember it is a fixed rate, assuming the bank issued a CD to you at 7%, even if the market rates are only 6% the bank would give you 7%, similarly even if the market rates are 9% the bank would give you only 7%.
What kind of cd interest rates are being offered at Bank of America?
The rate depends on how long you want the CD to last. A 30-day CD is at 0.25% annual percentage yield (APY) and a 7-year CD is at 2.96% APY.
How much interest would 7 million pounds make a week month?
It would entirely depend on the type of deposit you make. For a regular CD or Fixed deposit interest rate is around 4% and taking 4% into account you will get 5384 pounds per week. You can calculate this using: Interest per year = p * n * r / 100 P - amount you deposit N - number of years R - rate of interest Interest per week = interest per year / 52
If the money rate of interest is 10 percent and the real rate of interest is 7 percent the inflationary premium is?
The inflationary premium can be calculated by subtracting the real rate of interest from the nominal interest rate. In this case, if the money rate of interest is 10 percent and the real rate is 7 percent, the inflationary premium is 10% - 7% = 3%. Therefore, the inflationary premium is 3 percent.
What is the quarterly interest rate if the annual percentage rate is 7 with monthly compounding?
The quarterly interest rate with monthly compounding for an annual percentage rate of 7 is approximately 1.75.
What is the ordinary interest of a loan of 500 at a 7 percent annual interest rate if the loan was made on March 15 and is due May 15?
5.83$ === Solution Method: 1. "ordinary interest" = "simple interest" <-- which is the correct financial term to use. 2. 7% APR interest can be expressed in any increment that you wish, by dividing it by a specific period of time (e.g.: annually rate = .07/1, monthly rate = .07/12, weekly rate = .07/(365/7), daily rate = .07/365 3. In your case, you want to compute the interest for 2 month as follows: (.07/12) * 2 * 500$ = 5.83$ <-- this is the simple interest owed
What is huntington banks interest rate?
7
What if Byron purchased a 5000 certificate of deposit (CD) at his local bank. The CD will pay him 7 simple interest. How much interest In dollars Will Byron have earned from his Cd at the end of a 2 y?
$724.50
What is the interest rate of 7 percent?
i have to know the money and time
Calculate the simple interest on 3050 at 11.5 percent for 7 years?
To calculate the simple interest, use the formula: Interest = Principal × Rate × Time. Here, the principal is 3050, the rate is 11.5% (or 0.115), and the time is 7 years. So, Interest = 3050 × 0.115 × 7 = 2,305.75. The simple interest on 3050 at 11.5 percent for 7 years is 2,305.75.
What is the annual rate of an investment 20000 at an annual interest rate of 7 and 12000.00 at an annual interest rate of 7.5 what was his annual income on the two investment?
Devon has a lil dick
What is the simple interest on a loan of 1250 with an interest rate of 7 after 2 months?
It depends on the payments made to the loan in those 2 months, but if we assume NO payments were made, and interest is calculated once per month, the total interest due would be $14.62 Calculation: * $1,250 x .07 = $87.50 -- (that's the interest per YEAR) * $87.50 / 12 = $7.29 -- (that's the interest per MONTH) * $7.29 + $1,250 = $1,257.29 -- (that's the new balance after one month) Do the same thing for month 2 and you will get a new balance of $1,264.62. Subtract the original loan and you get: $14.62
