Price to Earnings Ration (or P/E ratio).
I am just now doing my taxes for last year (don’t worry I don’t owe anything) and I have a CD account and was wondering where to put the interest earned for the year at? I have done this in the past but I also had my earnings statement in front of me this time I am out of state and just have the balance.
Thanks in advance!
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 =