Thread: Beat my father-in-laws savings rate
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Old 01-04-2006, 08:06 PM
sweeps sweeps is offline
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Default Re: Beat my father-in-laws savings rate
3.8% is the APY: Annual Percentage Yield. No need to figure compounding because the APY already includes it. So the monthly interest is 60482.38 * .038 / 12 = $191.53.
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