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harveymasons

question on cd interest

harveymasons
17 years ago

How could I figure out the monthly yied(interest on my investment) on say a 9 or 6 month cd that is paying 5.35% a year, Lets say for a 25k investment

Am I correct by doing this: 25,000 x .0535 = 1337.50 1337.50/12= 111.45 a month income???

thx in advance,

harvey

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