Also, I think some of them compound daily so you need to calculate a daily interest rate and figure your total interest based on that.
----------------- J.C.O'Connell [email protected] ----------------- -----Original Message----- From: PDML [mailto:[email protected]] On Behalf Of J.C. O'Connell Sent: Saturday, October 13, 2012 7:40 PM To: 'Pentax-Discuss Mail List' Subject: RE: Why won't the internet just answer the stupid, question? remember six months is 182.5 days so calculating maturity date isnt so simple. thats why I said I wouldnt be surprised if its actually a 180 days term. ----------------- J.C.O'Connell [email protected] ----------------- -----Original Message----- From: PDML [mailto:[email protected]] On Behalf Of Paul Sorenson Sent: Saturday, October 13, 2012 7:27 PM To: Pentax-Discuss Mail List Subject: Re: Why won't the internet just answer the stupid, question? Here's a solution...housework, whiskey, call the bank Monday morning and ask them. No sense getting tied in knots over this. OTOH, if you put the whiskey first, you could quite happily forget the housework. ; >} -p On 10/13/2012 6:20 PM, John Sessoms wrote: > Y'all still miss the point. > > I already know *HOW MUCH* the interest would be. The formula for simple > interest future value is A=P(1+ni) where n = 0.5 (six months == 0.5 > years). I looked it up. > > I don't care how much the interest is or whether it's a penny more or a > penny less. > > What I want to figure out is *WHEN*, i.e. for any Purchase DATE=X, when > is the Maturity DATE=Y where the term = "six months". > > Paul's answer is close to what I'm looking for. March 15 -> September > 15. I'm looking for the formula that gives the answer for any date? > > Whiskey later, after I finish my house work. > > From: "John Mullan" > >> 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 [email protected] >> ----------------- >> >> -----Original Message----- >> From: PDML [mailto:[email protected]] 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 <[email protected]> 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: [email protected] >>>> 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. >>> > > -- Being old doesn't seem so old now that I'm old. -- PDML Pentax-Discuss Mail List [email protected] http://pdml.net/mailman/listinfo/pdml_pdml.net to UNSUBSCRIBE from the PDML, please visit the link directly above and follow the directions. -- PDML Pentax-Discuss Mail List [email protected] http://pdml.net/mailman/listinfo/pdml_pdml.net to UNSUBSCRIBE from the PDML, please visit the link directly above and follow the directions. -- PDML Pentax-Discuss Mail List [email protected] http://pdml.net/mailman/listinfo/pdml_pdml.net to UNSUBSCRIBE from the PDML, please visit the link directly above and follow the directions.
