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What is the best CD interest rate for an investment of $5000?”

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15y ago

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How much interest is earned on the account?

A $5000 investment at an annual simple interest rate of 4.4% earned as much interest after one year as another investment in an account that earned 5.5% annual simple interest. How much was invested at 5.5%?


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.


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 find the interest payment on a loan or investment?

To find the interest payment on a loan or investment, you can use the formula: Interest Principal x Rate x Time. The principal is the amount of money borrowed or invested, the rate is the interest rate, and the time is the duration of the loan or investment. Plug in these values to calculate the interest payment.


What is the Google Sheets interest formula and how can it be used to calculate interest on a loan or investment?

The Google Sheets interest formula is PMT(rate, nper, pv). This formula can be used to calculate the interest on a loan or investment by inputting the interest rate (rate), the number of periods (nper), and the present value (pv) of the loan or investment. The result will be the periodic payment needed to pay off the loan or the interest earned on the investment.

Related Questions

How much interest is earned on the account?

A $5000 investment at an annual simple interest rate of 4.4% earned as much interest after one year as another investment in an account that earned 5.5% annual simple interest. How much was invested at 5.5%?


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.


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.


What is the annual interest rate on 5000 compounded continuously at 6.3 annual interest rate?

I suspect that it will be 6.3!


How can I find the interest payment on a loan or investment?

To find the interest payment on a loan or investment, you can use the formula: Interest Principal x Rate x Time. The principal is the amount of money borrowed or invested, the rate is the interest rate, and the time is the duration of the loan or investment. Plug in these values to calculate the interest payment.


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


Is the rate of return the same as the interest rate?

No, the rate of return is not always the same as the interest rate. The rate of return includes all gains and losses on an investment, while the interest rate is the cost of borrowing money or the return on an investment without considering other factors.


What is the best interest rate offered by First Direct?

The best interest rate offered by First Direct is for Cash ISA. Cash ISA pays interest rate of 0.5 percent for balances from 1 to 5000 pounds and 3 percent for balances larger than 40000 pounds.


What is the Google Sheets interest formula and how can it be used to calculate interest on a loan or investment?

The Google Sheets interest formula is PMT(rate, nper, pv). This formula can be used to calculate the interest on a loan or investment by inputting the interest rate (rate), the number of periods (nper), and the present value (pv) of the loan or investment. The result will be the periodic payment needed to pay off the loan or the interest earned on the investment.


Basic determinants of investment?

The immediate determinants of investment are: (a) the expected rate of return and (b) the real rate of interest.


The relationship between the real interest rate and investment is shown by the?

Investment Demand Schedule


How can one determine the nominal interest rate for a loan or investment?

To determine the nominal interest rate for a loan or investment, you can calculate it by dividing the total interest paid or earned by the principal amount, and then multiplying by the number of periods per year. This will give you the annual nominal interest rate.