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  • How do CDs work example 2024?

    example CD would

    Questioner：Ethan Wilson 2023-05-07 10:08:25
The most authoritative answer in 2024

  • Benjamin Evans——Works at the World Health Organization, Lives in Geneva, Switzerland.

    As an example, a CD that offers 5 percent interest would gain $500 on a $10,000 CD, calculated as 0.05 x $10,000. However, most CDs pay compound interest, so the annual percentage yield, or APY, more exactly describes the CD's accrued interest.read more >>
    +119962023-05-12 10:08:25

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