I don't know the answer but I suggest whiskey.

On Sat, 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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