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What is the interest rate for 1 million dollars put on a CD after 1 year?
The interest rate on a CD can be different in each bank, and they change all the time. Generally, the interest rate is stated at the time you buy the CD, and it doesn't change on that one once you've bought it ... the rate won't be different "after 1 year".
How can you calculate your CD interest rate?
To calculate CD interest rate, all you have to do is to just multiply the principal amount you have invested in CD with interest rate. If u want to calculate for the monthly interest then divide the resultant with 12.
Jane invests 5000. She invests some in a CD which earns 4 percent and the rest in a savings bond that earns 7 percent. How much money was invested in CD if total interest earned after one year is 300?
Take a breath, and start thinking of things in mathematical termsThe amount invested in the CD is unknown, so we can call it X.The amount invested in the Savings Bond (SB) is the remainder, so we can call it (5000 - X).The interest on the CD for one year is 0.04 times X or 0.04X.The interest on the SB for one year is 0.07 times (5000 - X) or 0.07(5000 - X).You know the total interest from both for the year is 300, so you now can make an equation:0.04X + 0.07(5000 - X) = 300All you need to do is expand the expression and move the variable to one side of the equation and solve for X.
If you put 5000 dollars in the bank in one year how much will you have?
It depends on how you deposit the money 5000 dollars. Checking accounts usually pay very little or 0 interest so we won't be taking that as an option. a. Savings Account - Savings account usually earn around 1% interest per year. So it will be: 50 dollars in 1 year b. Certificate of Deposit - CD's usually earn around 4% interest per year. So it will be: 200 dollars in 1 year
How many CD players are sold per year worldwide?
The Amount Of CD Players That Are Sold Every Year Are 120,000,000 Roughly. There You Go
When is interest on bank CD taxable?
for the year in which it was earned
What is the highest CD rate that you can find?
For a one year CD, the best rate is 1.31%. If you can invest a little more long term, you can get a 2.75% interest rate with a five year CD. A 3 year currently carries a 3% interest rate.
What bank offers the best CD interest rates?
Currently the best CD interest rates are offered by Nexity Bank, with an APY of 1.31% on a one year CD with a minimum balance of $1000. Ascencia bank has good interest rates as well, 1.20% on a one year CD.
What is the interest rate for 1 million dollars put on a CD after 1 year?
The interest rate on a CD can be different in each bank, and they change all the time. Generally, the interest rate is stated at the time you buy the CD, and it doesn't change on that one once you've bought it ... the rate won't be different "after 1 year".
What banks offer the highest CD interest rates for 5 year terms?
The CD interest rates vary from bank to bank. You can find rates for different banks on their websites or by visiting office locations.
Does a 14 year old have to pay taxes on interest earned from savings account or CD's?
Yes
Does a 17-year-old who lives at home and earned only 2000 income have to claim 560 interest earned on a CD?
Yes the interest will be entered on the interest income line of the child 1040 tax form that the child qualifies to use. If qualifies to use the 1040EZ the interest would be entered on line 2 1040EZ line 5 if someone can claim you as a dependent check the applicable box and use the worksheet on the back of the 1040EZ for the correct amount that you will have to enter on line 5 this amount will be your standard deduction amount for the tax year 2009.
What are the absolute highest cd interest rates?
The absolute highest cd interest rates is about 10%
How beneficial are CD interest rates?
What is beneficial about CD interest rates is that they are constant for the specified period of time. Sometimes interest rates can go up or down but CD interest rates would stay the same.
How can you calculate your CD interest rate?
To calculate CD interest rate, all you have to do is to just multiply the principal amount you have invested in CD with interest rate. If u want to calculate for the monthly interest then divide the resultant with 12.
Do you pay taxes on interest earned on a CD when it matures?
Each year the issuer sends a 1099-INT that was to be reported ont he interest received line of your return.
what is the current interest on a 1 year cd offered by the chase bank?
The curent rate of a 12 month cd from Chase bak is .25% with a $1,000 minimum deposit.
