Posts Tagged ‘Money’

How much can I get when I invest into this certificate deposit?

Wednesday, December 30th, 2009
Bluesea asked:


# CD rate - a locked 4.10 APY1
# Short 4-month term
# FDIC Insured2

so If I put in 5000$, in January, When my money it mature? an also how much will I get when it is mature?
Thanks
So, does it mean, after 4 months I will have 205$ when my cd is mature?

1st deposit

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Posted in Investing | 1 Comment »

Roth IRA Certificate of Deposit in international bank?

Saturday, July 18th, 2009
prince_0102 asked:


Can I put money earned in US into a Roth IRA Certificate of deposit in an international bank ?
Reasons -
1) i am happy with a lower but steady bank interest rate on my retirement funds.
2) i don’t like bond funds. I would like to buy a 10-15 yr maturity CD and have peace that i wil get the same interest rate.

Why international ?
- because of higher interest rates.

Is it possible ?
Is it possible in an indian bank (i am interested since i am a citizen of india working in US) ?

1st deposit

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Posted in Personal Finance | 1 Comment »

How does this Certificate of Deposit penalty for early withdrawal work?

Friday, April 3rd, 2009
snaghater asked:


There is a 5 year Certificate of Deposit offering 6% interest. Penalty is .75% (so 5.25% interest) for every year that the money is withdrawn early.
Does this mean that withdrawl in say, the 3rd year would give you 6% for the first 2 years and 5.25% for the 3rd, or would it be 5.25% for all 3 years?

1st deposit

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Posted in Investing | 1 Comment »

mathematics?

Sunday, December 7th, 2008
}{!r@ asked:


a 10,000 certificate of deposit at a certain bsnk will double in 9 years.
(a) give a formula for the accumulated amount t years after the investment is made. (ok i found out the formula is A(t)=10,000(1+r)^t ).
(b) how long does it take for hte money to triple in value. (i need a strep by ste anser for this to make sure i solved it the right way)

Andrew

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Posted in Mathematics | 4 Comments »

Cds?

Sunday, October 12th, 2008
Penny Lane asked:


meaning Certificate of deposit….anyone have one of those? What exactly are they….and how much time is good time to make a substantial moutn of money….are they good to get?

Brian

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Posted in Investing | 4 Comments »