harveymasons Posts: 10, Reputation: 1 New Member #1 Jul 22, 2006, 04:47 AM
question on cd interest
How could I figure out the monthly yied(interest on my investment) on say a 9 or 6 month cd that is paying 5.35% Lets say for a 25k investment

Am I correct by doing this: 25,000 x .0535 = 1337.50 1337.50/12= 111.45 a month income??

harvey
 walt17 Posts: 335, Reputation: 28 Full Member #2 Jul 22, 2006, 12:48 PM
Harvey,
Your calculation assumes that you held the CD for a year.
Divide the annual percentage rate (APR) by 12 giving you a monthly rate. Multiply the investment by monthly rate for a monthly yield. All CDs I have seen quoted provide an APR. This would give you a good estimate.

Walt
 ScottGem Posts: 64,966, Reputation: 6056 Computer Expert and Renaissance Man #3 Jul 22, 2006, 06:08 PM
Depends on the compounding for the account. Why not just ask the bank?
 fredg Posts: 4,928, Reputation: 674 Ultra Member #4 Jul 23, 2006, 08:53 AM
Hi, harvey,
I have a couple of CD's, but am not a professional in calculating any returns.
Any calculations you make may or may not be correct. The percentages can be confusing. Please ask at a bank.
Best of luck.
 jaggr12 Posts: 1, Reputation: 1 New Member #5 Aug 9, 2007, 03:22 PM
Originally Posted by harveymasons
How could I figure out the monthly yied(interest on my investment) on say a 9 or 6 month cd that is paying 5.35% Lets say for a 25k investment

Am I correct by doing this: 25,000 x .0535 = 1337.50 1337.50/12= 111.45 a month income???

harvey
Union Bank of California - CD Interest Earnings Calculator
 jpatel2 Posts: 1, Reputation: 1 New Member #6 Aug 30, 2007, 01:44 PM
Harvey

Your monthly yeold will be 111.45x100/25000 =0.4458 %

yearly yield = .4458x12= 5.35

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