Question: We learned about compound interest in Module 5A. This discussion will ask you to research Share Certificate (Certificate of Deposit) rates. Part 1: Research rates
We learned about compound interest in Module 5A. This discussion will ask you to research Share Certificate (Certificate of Deposit) rates. Part 1: Research rates at banks or credit unions. Find a Share Certificate Special that the financial institution is advertising, and the typical APY rate for that length of time (or a similar length of time). You can invest any amount of money for any amount of time. Post: Name of the financial institution and Share Certificate Special: length of time, APY (rate), and number of compounding periods (if known). If compounding periods is not known, assume it is monthly. Typical rate for a Share Certificate of same or similar length of time: length of time, APY (rate), and number of compounding periods. State how much money you are going to invest. Some Share Certificate specials have a minimum amount, but if not, you can choose any amount of money to invest. Find the total amount in each account at the end of the stated time periods. Part 2: Reply to two classmates' posts. State whether you believe this classmate has found a good offer. Why or why not
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