With todays interest rates it is probably LESS than a penny, unless you have
some ridiculously large amount of money in the CD.
jm
-----Original Message-----
From: J.C. O'Connell
Sent: Saturday, October 13, 2012 1:33 PM
To: 'Pentax-Discuss Mail List'
Subject: RE: OT: Why won't the internet just answer the stupid, question?
with today's interest rates, a few days is literally pennies...
-----------------
J.C.O'Connell
hifis...@gate.net
-----------------
-----Original Message-----
From: PDML [mailto:pdml-boun...@pdml.net] On Behalf Of Paul Stenquist
Sent: Saturday, October 13, 2012 1:25 PM
To: Pentax-Discuss Mail List
Subject: Re: OT: Why won't the internet just answer the stupid, question?
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.
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