- 19

- 0

## Main Question or Discussion Point

howdy,

i am considering of opening a $5,000 daily compounding certificate of deposit for six months with an interest rate of 2.78% and an annual percentage yield of 2.82%. how much money will i get after the six month maturity date and what's the formula for this?

i am considering of opening a $5,000 daily compounding certificate of deposit for six months with an interest rate of 2.78% and an annual percentage yield of 2.82%. how much money will i get after the six month maturity date and what's the formula for this?