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Old 05-18-2008
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Join Date: May 2008
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Default Interest Rate Calculation?

How do you calculate the interest on certificate of deposit?
for example if you but a cd for $1000 at interest rate of 3.45% how much will it be? thank alot!
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Old 05-18-2008
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first off is it at an intrest rate of one month or year but either way mult. 1000x3.45% and add the product to 1000.
if that sounds wrong I am thinking of something else sorry
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