Cd Finance
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A certificate of deposit (CD) is a time deposit, a financial product commonly sold by banks, thrift institutions, and credit unions. CDs differ from savings accounts in that the CD has a specific, fixed term (often one, three, or six months, or one to five years) and usually, a fixed interest rate. A CD, or certificate of deposit, is a type of savings account with a fixed interest rate usually higher than a regular savings account's rate.
Calculator Use
Calculate the future value of an investment in a certificate of deposit (CD). Optionally calculate the taxes you will need to pay on earned interest.
- Initial Investment
- Amount or present value that you are putting into your annuity
- Term (months)
- Enter the term of your CD
- Annual Interest Rate
- Interest rate (rate of return) expected
- Compounding
- The frequency that interest compounding will occur on your investment each year.
- Pay Taxes from Interest
- When the table is calculated should taxes be paid from the accrued interest? If so you will not get additional interest on that money. Otherwise, you would redeposit the interest in the CD and pay taxes from other funds.
- Tax Bracket
- Enter the percentage tax you expect to pay each year on the interest
Sample Output
Beginning
Value
$
Value
$
Ending
Value
$
Value
$
Yield
to Term
%
to Term
%
20,000.00
20,332.51
1.663
20,332.51
20,670.54
3.353
20,670.54
21,014.20
5.071
21,014.20
21,363.57
6.818
21,363.57
21,718.74
3% Cd Interest Rates
8.594
Total Tax (15%) = 257.81 Cd Finance Meaning
(on Interest)
Post Tax Value = $21,460.93Cite this content, page or calculator as:
Furey, Edward 'CD Calculator'; CalculatorSoup, https://www.calculatorsoup.com - Online Calculators