How do 3month CD or treasury bills work. They yield around 4%+ now. So can you compound it after the term, or is it only allowed once per year? It wouldn't make sense since the 1yr rate doesn't yield near the compound of a short term.
204810
OK, I have been in banking for 13 years and I cannot understand your question- Am going to try to explain what\nI THINK I understood. \n3 month cd or treasury bills, the rate you are quoted is the APY 4% - that is the annual percentage yield - the interest you would make on that money if it was to stay in that account for 12months at that rate. But since it is a 3- month, you will have to take the money out and invest it in something else. You cannot compound it because the deal expires after 3 months - Now does that make sense ?
57467
Actually $2 bills are printed every three years since the early 90's if you want some let me know I can get you as many as you want consecutive bills even. They come in packs of $200 1976 was the year of the changing of the back of the bill which make them valuable if you get them the last printing was 2003
457572
Chrissy, you don't know what you are talking about.\n\nWhat type of debt is this?  Contracts are 6 years....but if this is an oral or credit card debt it's only 3 years.\n\nLook at the link below, as it also gives you the actual statutes from the law.
439497
Its really not that complicated…  Look first there is APR and then there is APY.  APR means Annual Percent Rate.  And APY means Annual Percent Yield.  \nIn your example of 4% this is the annual rate, your monthly rate would be 4% / 12.  12 being 12 months in one year.\nAPY means your APR plus any compounded interest that was earned and added to your initial investment.  The APY should always be higher than the APR.  \n\nI hope this helped…
98338
You must add one important detail: is it 4.8% per annum (yearly) or monthly?\n \nIf it's per annum:\n1000 * [1 + 0.048/12]^months\n \nIf it's per month:\n1000 * [1 + 0.048]^months\n \nTo find out how much after 1yr and after 2yrs, subtitute months by 12 and 24.\n \n \n\nIn Reply to the Mar 6, 2006 addition\n  \nLynn, you did say "compounded monthly" and people will almost always take this as "per annun with monthly componding" and almost always, it is. But it's not necessarilly so. It could be 4.8% per month with monthly compounding, for example. Ok, I'm kind of pushing it, but it's still true. You should be aware of these trick questions.\n \nAlso be aware that there are countless ways to calculate interest. I've worked with finance all my life and am a PhD student now and still see new ways once in a while. There are several things that may affect the result and the way to work thru the problem. The kind of interest you are learning now is a very basic form and for now you should only be aware that the way the interest rate is expressed must refer to a period. This period has no relation to the compounding period. Usually, it will be per annum but doesn't have to. For example, my bank informs me of the overdraft interest rates as a monthly rate, it is compounded daily but in a completely diferent way than the one you're learning. So keep in mind that you might be asked a question in which the rate is (for example) 5% per semester with semi-monthly compounding, over a period of one year. That is a legitimate question and will result in more than 10% per year. Good luck.
68113
There is not enough information in your question to determine what it is you are trying to find out.\n\nDo you mean to get your $30 back? If it is a dividend of $3 once a year then you would get your money back after ten years.
46561
Poked around the Treasury website and couldn't find an answer to when interest is paid.  Your statement seems logical, but one never knows if the government is governed by logic.  I did find the form for asking the Treasury a question at the URL below.
440622
First, some data:\n\n"The Bureau of Engraving and Printing produces 35 million notes a day with a face value of approximately $635 million."\n\n"45% of the notes printed are $1 notes."\n\nThis means that the bureau prints 12,775,000,000 notes per year, of which 45% are 1$ notes.\n\nI couldn't find the number, or percentage, of 5$ bills. But, I was able to find the lifespan of each bill.\n\n$ 1 .............. 22 months\n$ 5 ................ 24 months\n$ 10................ 18 months\n$ 20 ............... 25 months\n$ 50 ............... 55 months\n$100 .............. 60 months\n\nI find it very surprising that the shortest lifespan is the 10 (shorter than the dollar bill!).\n\nOne other piece of information is useful:\n\n"95% of the notes printed each year are used to replace notes already in circulation."\n\nSo, the remaining 55% of all notes should be split among 5, 10, 20, 50, and 100. Since the 50 and 100 have about twice as long the lifespan of the other bills, I'm going to combine them into the same group. So, I'll divide the 55% equally into four groups.\n\n13.75% x 12,775,000,000 = 1756562500\n\nOr, approximately 1.75 billion\n\nHope this "back of the envelope" calculation helps!
62840
heres the game\nhttp://www.philipdru.com/griffin_stream.html\n'this leads to that' syndrome, ya gotta understand where the debt comes from & how its blended into the treasury (you).
621235
First, I should not that the "yield" I have been reporting is the interest earned.  Add $10,000 for the total amount in the account at the end of the investment period.\n\nSecond, you wrote the formula incorrectly.  The formula for continuous compounding has to include the interest rate, so\nA = Pe^(rt)\n\nGiven the information from the previous question ($10,000 at 10% for 2 years), continuous compounding would yield $2,214.03.\n\nIf we know that the bank returned $15,000 on a $10,000 deposit at 10%, the length of time must have been 4.05 years.\n\nIn 6.93 years, a deposit will have doubled.\n\nI apologize for the delay on responding to these questions--I have been on vacation.
151708
0.3 as percentage is 33.333333333333% (the last 3is recurring) \n\n13/20 is 65% \n\n(13/20) x 100 = 1300/20 = 130/2 = 65%\n\nYou haven't said what the interest rate is so I'll assume it's i% .\n\nInterest is normally specified as a percentage over a year (12 months).\n\nSo interest on $65000 for a year is \n(65000 x i)/100 = 650 x i\n\nFor 18 months it is \n\n$(650 x i) x (18 / 12) = 9(650 x i) x 3) / 2 = \n\n325 x i x 3 = $975 x i\n\nOver 18 months  over 12 months
191112
My ex, who claimed bankrupcy 3 years ago, is now carting aroud his new visa! He had maxed out 6 cards at that point and was in debt about 30K. Tell me how he got another card??? Funny thing is that when I applied to get a card, I was declined even though I made more than him. I'm quite certain if I was a man earning the same salary, I'd have several cards by now.
355275
You do not give much detail so it is hard to answer your question with 100 accuracy. I will give you the numbers I am using so you will have a better understanding. \n\nFirst... does 1/2 pt make a difference.  Yes.\nHow much.... useing 100k as a number and 6.0 and 6.5 so you see the difference in .5     599.55 for 6.0  632.07 for 6.5 ... Now STOP I know what you are thinking.. oh thats only 32 dollars. But we are not done. Over the life of a 30 year note or 360 months that will save you......11700.20 .. Yes I said eleven thousand seven hundred dollars and twenty cents. But dont run our yet. There is still more. That 11k is nothing if you play your cards right. Are you ready for some real money???\n\nTry it this way.... Add 100 extra to your monthly payment. By the way... your interest per day is about 17dollars at the begining of this loan so only 90dollars is going to the principal. Adding that extra 100 even to the first month will take you from month one to month three. \n\nTo put it simply.... after your first payment (using 100k @ 6.5 since you didnt give me the real numbers to use) you will have paid an extra months principal plus part of a day. Now instead of charging you interest on that 100 dollars you save that 63 cents. I know that doesnt seem like much.. BUT you have to remember this is over the life of the loan. So you save 63 cents the second month... thru the 360th. That would be 226.80 savings just for 100 dollars. Do it twice in a row ie first and second month and you will save 452.97 three times 678.51.. thats more than the monthly payment and it only cost you 300 dollars. \n\nI wont go into ALL the math but you get the idea. If you do this right.. ie 100 a month extra. You will cut several... are you sitting down?  YEARS off your loan. \n\nSo do not waste your time doing a refi. I mean if it drops a few points sure, but if it is less than 3 points Im not moving.
638899
the rate that it could adjust to is posted in your note! read your note. You need to refi this note to a fixed rate. With that start rate you must have had some credit issues. Start the process today. I am a loan officer in TN only>
632504
Part of it is going to depend on the bond payment set up.  They pay twice a year, but is the formal 30/360 or actual/actual?  That will make a difference in the calculation.\n\nIf it is 30/360 then the formula is\n=(250000*(.10/360)*180)\nThat formula gives you a constant payment of 12,500 every six months.\n\nIf it actual/actual you need to get the calendar out and calculate based on the actual days in each period:\n\nSeptember 2004 would be\n=(250000*(.10/366)*184)=12568.31 (point 31, yahoo is leaving it off)\nMarch 2005 would be\n=(250000*(.10/365)*181)=12397.26 (point 26)\netc etc etc
112998
By wanting a 6 month CD I'm assuming that you may be needing the money at that time.  If this is the case, a better alternative would probably be a high interest savings account.  Most of them are actually paying higher then short term CD's.  Try online either ING, Capital One Bank, or Allstate Bank.
388735
Im sure you know that the refinance percentage is based off of your credit history/score. I would recommend to wait at least 12 months. Any inquiry on your credit will last for 2 years, so you dont want to run the risk of having them run your credit at the 6 month mark and them not approving it because you dont have an adequate length pay history. If they did deny it, then you would have to run it again at the year point. Also, by waiting at least 12 months, you are showing the credit union (or bank) that you have made 1 years worth of monthly ontime payments. Hope this helped!