Comments on: CD Rate Interest Calculator http://www.bargaineering.com/articles/cd-rate-interest-calculator.html personal finance blog with anecdotes, advice and commentary. Sat, 21 Nov 2009 22:47:06 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: jim http://www.bargaineering.com/articles/cd-rate-interest-calculator.html/comment-page-1#comment-293374 jim Thu, 11 Dec 2008 18:47:01 +0000 http://www.bargaineering.com/articles/?p=3892#comment-293374 Taxes and inflation are outside the scope and purpose of this calculator. Inflation is also something that's constantly changing, I don't think most users of the calculator will be concerned with looking up inflation rates before making their decisions. CDs are just part of one's investment strategy, the safe part. Taxes and inflation are outside the scope and purpose of this calculator. Inflation is also something that’s constantly changing, I don’t think most users of the calculator will be concerned with looking up inflation rates before making their decisions. CDs are just part of one’s investment strategy, the safe part.

]]> By: Scott http://www.bargaineering.com/articles/cd-rate-interest-calculator.html/comment-page-1#comment-293373 Scott Thu, 11 Dec 2008 18:41:46 +0000 http://www.bargaineering.com/articles/?p=3892#comment-293373 This is nice and all, but can you add some lines to the equation to factor in taxes and inflation so we get a net-net return. 4% apy CD, 12 months-taxes-inflation= negative what? $605.96-20% for federal taxes-3% for state taxes-4% simple inflation= what number. A negative number? This is nice and all, but can you add some lines to the equation to factor in taxes and inflation so we get a net-net return.

4% apy CD, 12 months-taxes-inflation= negative what?

$605.96-20% for federal taxes-3% for state taxes-4% simple inflation= what number. A negative number?

]]> By: fivecentnickel.com http://www.bargaineering.com/articles/cd-rate-interest-calculator.html/comment-page-1#comment-293348 fivecentnickel.com Thu, 11 Dec 2008 03:12:01 +0000 http://www.bargaineering.com/articles/?p=3892#comment-293348 Ah, good point. Ah, good point.

]]> By: jim http://www.bargaineering.com/articles/cd-rate-interest-calculator.html/comment-page-1#comment-293324 jim Wed, 10 Dec 2008 17:21:58 +0000 http://www.bargaineering.com/articles/?p=3892#comment-293324 The APY accounts for that for 12 months, but for 18 you don't just cut the APY in half and apply it to the extra 6 months. The period still matters because you have to bring it down to APR and then calculate it across the number of months the CD is valid for. The APY accounts for that for 12 months, but for 18 you don’t just cut the APY in half and apply it to the extra 6 months. The period still matters because you have to bring it down to APR and then calculate it across the number of months the CD is valid for.

]]> By: fivecentnickel.com http://www.bargaineering.com/articles/cd-rate-interest-calculator.html/comment-page-1#comment-293322 fivecentnickel.com Wed, 10 Dec 2008 17:15:32 +0000 http://www.bargaineering.com/articles/?p=3892#comment-293322 Right, but even for longer terms, the frequency field is extraneous. If you asked for APR, then it would make sense to include the frequency field, but APY already accounts for that. Right, but even for longer terms, the frequency field is extraneous. If you asked for APR, then it would make sense to include the frequency field, but APY already accounts for that.

]]> By: jim http://www.bargaineering.com/articles/cd-rate-interest-calculator.html/comment-page-1#comment-293316 jim Wed, 10 Dec 2008 15:25:08 +0000 http://www.bargaineering.com/articles/?p=3892#comment-293316 Yes, which makes calculating for 12 months a not any different than straight multiplication. :) Yes, which makes calculating for 12 months a not any different than straight multiplication. :)

]]> By: fivecentnickel.com http://www.bargaineering.com/articles/cd-rate-interest-calculator.html/comment-page-1#comment-293314 fivecentnickel.com Wed, 10 Dec 2008 14:32:48 +0000 http://www.bargaineering.com/articles/?p=3892#comment-293314 Doesn't APY already account for the compounding frequency? That would explain why, when I change the frequency, I still get the same answer. Doesn’t APY already account for the compounding frequency? That would explain why, when I change the frequency, I still get the same answer.

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