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How are high yield cds different from regular cds?
High yield cds usually offer a higher fixed interest rate with usually a longer maturity date. They are risk free.
Franklin has 2500 in a savings account that pays interest at the rate of 4 percent annually. How much interest will he earn after one year?
4% of 2500 = 2500*4/100 = 100 Assuming there is no compounding - The above calculation is appropriate and 100 is the interest earned by Franklin at the end of one year. There are banks that offer quarterly or half yearly compounding wherein, the interest earned in the first quarter would be considered as principal in the second quarter. In that case, the calculation would vary. In the UK the quoted rate must be the annual equivalent rate which takes any compounding into account. So 4 percent annually (as stated in the question), could be 1.98% every six months, or 0.3274% every month. But at the end of one year the compounded interest must be 4%. Other countries will have different regulations.
What are great examples of fixed annuity rates?
Great examples of fixed annuity rates can include multi-year guaranteed annuities (MYGAs) that offer a fixed interest rate for a specific period, such as 3, 5, or 10 years. Another example is a fixed indexed annuity, which offers a minimum guaranteed interest rate along with the potential to earn interest based on the performance of an underlying market index. These types of annuities provide a stable and predictable rate of return for investors seeking to protect their principal while earning a competitive interest rate.
A company will pay a lump sum of 44650 at the ned of 5 years to investors who deposit 6000 for 5 years .what is the interest rate implicit in this offer?
That is pretty close to a 49.5% return per year. This is based on a one time sum of 6000 dollars. It is more likely they mean $6000 a year for five years, ($30,000) after which they will pay out $44,650 at the end of the fifth year. That works out to about 12.5% a year. If this is the case, it is a very decent return. Be careful about the investment. There is usually no guarantee on this kind of offer. Consult a professional investment counselor before investing.
Does AARP offer a retirement income calculator?
"AARP does offer a retirement income calculator. This calculator is found under AARP's ""Planning Retirement Income"" and the calculator is located right there."
What online companies have the lowest interest rates on pay day loans?
Check2Go and CashAmerica have the lowest interest rates on pay day loans. Both of these companies offer competitive rates but not as low as banks.
Which providers offer the lowest interest?
Federal loans such as the Perkins and Stafford loans offer the best interest rates. You can also find private loans such as Sallie Mae or Bank of America, both those tend to have higher interest rates. http://www.studentloanfacts.org/
What will typically offer the lowest interest rate?
Basic savings
What Following will typically offer the lowest interest rate?
Basic savings
What are some companies that offer zero interest for loans?
There are many different companies for consumers to choose from that offer zero interest for loans. Some of the companies that offer zero interest for loans are: Capital One and Regions.
What company provides low interest loans in Wichita, KS?
City of Wichita and Capitol Federal Savings recently grouped together and decided to give loans at low interest rates in Wichita.Compared with the others these offer the lowest interest loans in wichita who provides loan. give me address.
What is the verb the local credit union offers the lowest interest rates for hybrid loans?
In the following sentence, identify the verb: "The local credit union offers the lowest interest rates for hybrid car loans."The verb is offers = third person singular form of offer.
What banks offer the lowest rate home equity loans?
There are two banks that offer the lowest rate home equity loans. These two banks that offer low rate home equity loans are RBC and The Bank of America.
What is the verb in the sentence The local credit union offers the lowest interest rates for hybrid car loans?
The only verb is "offers" (verb to offer).
How can I obtain personal loans without interest?
Obtaining personal loans without interest is typically not possible through traditional lenders. However, you may consider borrowing from friends or family, utilizing interest-free credit cards, or seeking out non-profit organizations that offer interest-free loans.
What types of loans offer the best interest rates and terms for borrowers?
Generally, loans that are secured by collateral, such as home equity loans or auto loans, tend to offer the best interest rates and terms for borrowers. These types of loans are considered less risky for lenders, so they are able to offer lower interest rates to borrowers.
What services do pawnbrokers offer?
They basically offer high interest loans.
