How to make a calculator in visual basic…
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I would like to invest ,000 for a term of 7 years in a bank CD that offers a dividen rate of 3.54% with an annual rate of 3.60% but I’m a little confused as to how the dividen interest and APR interest work together. The bank CD offers interest daily/monthly. Are they figured in together when you plug the numbers into the CD calculator or is it just the APR? According the CD calculator it says that the maturity of the CD after 7 years would be only 10,2800. I’m trying to decide if a investing in a CD is worth it. Can some one please do a calculation for me and explain it to me. Any help would greatly be appreciated.
I cant make up my mind, i want to do it but then my mom and sister thinks I am crazy because 5 years is too long and I might need to use them. but i wont need to use them hopefully because i will still have enough with me more than enough actually.
btw I used the CD calculator thing and i will end up with 12,091.32 $ after 5 years, so that is over 2,000 $ gain.
what do you think? is it too long for 5 years?
If I put 00 in a 6-month CD and the rate of earnings is 0.400% and the annual percentage Yield is 0.40%
How much money will I get at the end of the 6 months.
It is 1002.40 or 1024.24.
According to my banker’s calculator, it’s 1002.40
According to MY calculator, it’s 1024.24
Whose right
But 1000 X 0.004 =