How do i divide money flea market rates?
ok say i hold 100,000.00 and want to open a money marketplace account near this company http://www.meriwest.com/mw/cda/rates/1,3...
now how do i multiply how much money i will make within interest each month??
How do I set up an information...
you need to know the following:
(0) residence ... how long are you leaving your money invested
(1) rate ... on most money flea market accounts, this will vary, so your best shot is using the current rate (and recognize that your 'actual' returns will differ as rates vary)
(2) payment or compounding frequency (how regularly your interest gets rolled into your interest-bearing stability will directly impact your effective returns
(3) accrual reason (ie does the fund compute interest on 365 day year, a 360 morning year, etc ... actual/365, actual/360 or 30/360 are the most common bases)
plug these into the MS Excel present importance formula and it will handle the compounding for you.
What is the standard fomulae for calculating...
Well, according to the table on their website, you can earn 3.344% with $100,000 on deposit. By the bearing, that's a pretty crappy rate! Anyway, to calculate your monthly return, lift $100,000 X 0.0344 and divide by 12. That's about $287. For the following month, join the 287 to your $100k and do the math again: $100,287 X .0344 / 12. Each month you'll earn a little bit more because the interest salaried is added to the account and earn interest. This 'interest on interest' concept is known as compounding. And, that's why the APY (annual percentage yield) is other slightly higher than the stated interest rate. To smartly figure out how much interest you can expect to earn for the year, a moment ago multiply the $100k by the APY. Answer:
I seriously hope you are not putting 100K into these low yield.
100K*(MMrate)*time/360
Resolved Questions:
WHER to invest 200000 us?
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