How to Calculate CD Interest

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If the first thing that springs to mind when you hear the letters CD is a CD-ROM, you might have a lot of questions about what a certificate of deposit (CD) is, how they work, and how much money you could earn in interest. Rest assured: you’re in the right place!

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You invest $5,000 into a CD that is compounded every month. The interest rate is 1.25% and you leave the

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Find the interest earned. $8000 CD for 1 year. 8.25% annua

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The 10 best CD rates for March 2024—up to 5.40%