this is a question that i know wont have an exact answer, but ABOUT how much would a $1700 cd account make on interest in 9 months? base this on an average percentage rate..thanks
2007-08-05 17:37:48 · 5 answers · asked by Anonymous in Business & Finance ➔ Investing
average percentage rate of what though? Figure roughly that for a $1700 cd, you would make about $17 for each 1% that the cd was for over an entire year. 9 months is 75% of a year, so for each 1% over 9 months you would make $12.75 in interest.
2007-08-05 17:50:08 · answer #1 · answered by Anonymous · 0⤊ 0⤋
CD rates are running around 5% depending on the term and where you get it. 5% of $1700 is $85 for the year - for 9 months that would be around $63.
2007-08-06 00:53:17 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
Average perent rate for 9 months these days is 4.25%.
You'll make a little more on a compound interest account.
You're looking a making $53.45 approximately.
2007-08-06 01:10:26 · answer #3 · answered by ladyellei 6 · 0⤊ 0⤋
go to bankrate.com and you can see the avg CD rates on the web and get rankings
2007-08-06 00:40:46 · answer #4 · answered by joebillfromoldky 2 · 0⤊ 0⤋
not a lot. around $77
2007-08-06 00:51:03 · answer #5 · answered by al f 1 · 0⤊ 0⤋