Question

Can someone help me create functions for my research data

Answer 1

@ganeshie8

Answer 2

ok

Answer 3

Are we to assume the amount will be compounded yearly?

Answer 4

what is a CD

Answer 5

yes APY is the yearly interest rate. But different CDs offer differing compounding period. Some compound monthly, some semi-annually, some yearly. Compounding period is when the interest will be calculated, tacked on to the principal which will be the new P value until the next compounding period.

Answer 6

maybe 2 yr CD means compound every 2 yrs?

Answer 7

2 year CD usually means the amount is locked up for 2 years. You cannot withdraw before the 2 year period without a penalty.

Answer 8

oh ok