Comments for Certificate Of Deposit Documents

Comment on How To Calculate Interest On A Certificate Of Deposit? by InspectorBudget

InspectorBudget — Thu, 22 Apr 2010 10:54:16 +0000

Go to this website:

They have calculators for every type of financial activity you can imagine. Simple to use, too.

midwestgirl483 — Thu, 22 Apr 2010 10:54:16 +0000

I do believe it is a formula. There are places on the internet that have calculators for that purpose.

rhino9joe — Thu, 22 Apr 2010 10:54:16 +0000

What you are asking is the interest value of a single Payment at a given interest Rate compounded x times per year for n years.

INT= P * ((1+R/x) ^ (n * x) -1)