CD Daily Compounded Rate?

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CD Daily Compounded Rate?

Investment Amount: $10,200.00
Issue Date: 12/01/2006
Maturity Date: 6/01/2007
Rate: 5.37%
APY: 5.50%

How much interest will I earn at the end of the term?

2006-12-03 07:23:18 · 2 answers · asked by normitabetancourt 1 in Business & Finance ➔ Investing

2 answers

I explained at the folling link why Koko is wrong.

2006-12-03 09:07:55 · answer #1 · answered by Ranto 7 · 0⤊ 0⤋

You would get $280.5, I explained how I got this answer in another question of yours.

2006-12-03 16:05:18 · answer #2 · answered by koko 2 · 0⤊ 0⤋