All six month CDs I've purchased matured on the same date six months later. For example, a CD purchased on March 15 matures on September 15. In any case a difference of a day or two is a matter of pennies, so it's not worth getting worked up about IMO. Steve's suggestion of whiskey is a good one.
On Oct 13, 2012, at 12:23 PM, John Sessoms <jsessoms...@nc.rr.com> wrote: > Credit Union - "six month" CD. I *will* ask the Credit Union when it > opens on Monday. > > If I purchase a "six month" CD on any DATE X, how do I calculate the > actual DATE Y when the CD will mature? > > Unfortunately, the Credit Union was already closed on Friday before the > question occurred to me. > > Meanwhile, it's now Saturday afternoon, the problem is still banging > around inside my head and won't give me any rest. The text from my most > recent math class only does 90 & 180 day simple interest loans & > revolving credit charges before jumping straight to compound interest > for car loans & 30 year mortgages. > > The answer may be on the internet, but has so far eluded me. I am > prepared to accept that I may not be phrasing my stupid question the > right way, so if anyone has ideas ... > > From: "John Mullan" > >> Because there are many different ways it is best to ask the bank in question >> what method they use. Is it savings or loan, each uses a different >> approach. >> >> jm >> >> >> -----Original Message----- >> From: John Sessoms >> Sent: Friday, October 12, 2012 10:29 PM >> To: pdml@pdml.net >> Subject: OT: Why won't the internet just answer the stupid question? >> >> Trying to figure something out and the answer is NOT on the internet. >> And it's not in my math textbook in the section that tells you how to >> figure interest. >> >> How long is "six months" to a BANK? >> >> Jan 1 to June 30 has a different number of days (181) than Mar 1 - Aug >> 31 (184) and I know banks don't do it that way. > > -- > PDML Pentax-Discuss Mail List > PDML@pdml.net > http://pdml.net/mailman/listinfo/pdml_pdml.net > to UNSUBSCRIBE from the PDML, please visit the link directly above and follow > the directions. -- PDML Pentax-Discuss Mail List PDML@pdml.net http://pdml.net/mailman/listinfo/pdml_pdml.net to UNSUBSCRIBE from the PDML, please visit the link directly above and follow the directions.
