If I had 100,000 in a 30 day cd at 5% What kind of return could I expect in the 30 day period?

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2007-10-24 15:03:06 · 5 answers · asked by jizaydizank 1 in Business & Finance ➔ Personal Finance

It is likely that the 5% is the APY, so you would actually get 4.89% APR over that term. This would give you 407.50 (100,000*.0489/12)

2007-10-24 16:01:24 · answer #1 · answered by moonman 6 · 1⤊ 0⤋

About $411

You get this by taking 30/365*.05*100,000

2007-10-24 15:10:34 · answer #2 · answered by Anonymous · 1⤊ 1⤋

Actually, $416.6666666 rounds of to $416.67, not $416.66. That said, with $100,000, you should be able to get a rate better then 5%.

2007-10-24 15:32:14 · answer #3 · answered by STEVEN F 7 · 0⤊ 1⤋

Roger beat me except I was going to say unless their are fees

2007-10-24 15:10:48 · answer #4 · answered by la45309 2 · 0⤊ 0⤋

$416.66 (.05/12)*100,000.

2007-10-24 15:08:50 · answer #5 · answered by Anonymous · 2⤊ 0⤋