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After 2 years Deion earned 270 in simple interest from a CD into which he initially deposited 6000. What is the annual interest rate of the CD?
2.25 percent apex
What is the highest CD rates?
CD rates varies from bank to bank and online financial institutions have the most variance. Seems like as of today, the highest CD rate is 1.29% per annum.
What are some of the highest CD rates?
Here are the nationally available best CD rates updated daily. Compare these high yield CD rates with confidence because we‰Ûªre constantly searching the country for the best certificate of deposit interest rates and savings investments.
How much interest does 10000 dollars earn in 4 years in a certicate of deposit paying 9.5 percent interest compounded quarterly?
Using the compound interest formula which states A = P (1 + r/n)nt. We get the following result:10000 ( 1 + .095/4)4(4)10000 (1 + 0.02375) 1610000 (1.02375) 1610000 (1.45580)$14558Therefore you earn approximately $4558.00 on a CD yielding a 9.5% interest rate for 4 years.
Nate wants to buy a CD for 1000 that earns 3 APR and is compounded quarterly for 5 years. He will be taxed on 20 of the interest that he earns. What is the total amount of interest Nate will earn afte?
He will get 128.95 interest after tax.
What banks offer the highest CD interest rates?
GMAC Bank has the highest CD interest rate at 2.80%. GMAC Bank also has the highest rate on 12/3 at 3.75percent with a minimum of 500 deposited for a 6 month CD.
I am looking for a bank with the highest interest rate on CD?
I would go with ING Direct CD.
What is the highest CD rate that you can find?
For a one year CD, the best rate is 1.31%. If you can invest a little more long term, you can get a 2.75% interest rate with a five year CD. A 3 year currently carries a 3% interest rate.
Where can I find the current cd interest rates for banks in florida?
Check out www.bankaholic.com/highest-cd-rate-in-florida/
What do I have to do in order to buy CD at the highest rate on line, or in bank. Which Bank ?
To get the highest rate CD, you'll want to put in as much money as possible for the longest term possible. which bank, georgia which bank in covington georgia
What are the absolute highest cd interest rates?
The absolute highest cd interest rates is about 10%
What are the best places to get a high interest cd?
Some banks that offer the highest interest CDs are CiT Bank, Ally Bank, and Nationwide Bank. The longer the term of the CD, the higher the interest rate.
How can you calculate your CD interest rate?
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.
Can you get 6 on a certificate of deposit (CD)?
Yes, it is possible to get a 6 interest rate on a certificate of deposit (CD) offered by some financial institutions.
Which bank offers the highest cd interest rate in Spokane, WA?
CD Interest rates change daily. Therefore the best option for checking for up to date rates is to consult Bankrate.com for your area.
What is the highest CD rate for Wachovia in Green Valley?
First, I have assumed that you mean Green Valley Arizona. For that Wachovia CD's vary by the amount of time you sign up for and/or the amount you invest. The highest rate that is advertised is their 28 Month CD which has a 1.98% interest rate with an Annual Percentage Yeild (APY) of 2%. To get this rate the applicant must have a Wachovia Checking account and the minimum deposit for the CD is $5000.00
What banks offer high interest CDs?
The banks with the highest interest for CD's include Nexity, Aurora, Ally, Discover, and Connexus. Most of these can be found online with the interest rate available.
