Queue (queue) wrote,
Queue
queue

Financial stuff

I just bought a 10-month CD from my credit union, mostly because it was easy to do and I don't really feel like dealing with anything more complicated right now. So, the APY is listed as 4.75% and the dividend rate (whatever that means) is 4.65%. So, does that mean I will have P*(1+(.0475*(10/12))) at the end of the 10 months? And what's the deal with the dividend rate?
Subscribe
  • Post a new comment

    Error

    default userpic
    When you submit the form an invisible reCAPTCHA check will be performed.
    You must follow the Privacy Policy and Google Terms of use.
  • 4 comments