As of today, there was no one set interest rate in 1968. On a CD, the interest rate averaged between 5.53 percent and 6.39 percent in 1968. The 2013 rates on CDs are only 1.0 - 1.5 percent.
daily interest 6/365 = 0.01643 N=3 pv= -500 pmt = -1000 I= 0.01643 fv= ? fv= $3500
I-bonds have an annual rate of interest. The best way to find the current rate of interest for an I-bond is to go to the website www.treasurydirect.gov and look up the rate.
The value of 15000 in 1950 compared to today is $148,124.36. This is based on an annual inflation of 3.64 percent resulting in a total inflation of 887.50 percent.
Five years ago, the interest rates on mortgages was only at 0.5 percent. As of today, interest rate on mortgage soared to 2.5 percent. That is 500 percent increase for the past five years.
The total interest would be 73606.07 dollars, approx.
Assuming you deposit the money on the first day of each year you will have 2,124 from the 1,400 you'd deposited earning a total of 724 interest
Term deposits are deposits kept in the bank for a fixed period of time with earn you interest as decided at the time of making the deposit. You are generally expected to keep your account active and open till the deposit duration. Premature withdrawals attract a penalty on the interest component. Ex: Let us say you open a term deposit of $10,000/- for 1 year at 8% rate of interest today, next year on the same day you would get $10,800/-
In 1962 the value of a dollar was the same as $7.77 in today's time. This is caused by the annual inflation rate of 4.02 percent.