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2. How to Calculate Interest on Savings Accounts - AOL

   www.aol.com/news/calculate-interest-savings...

   Savings accounts can help you to set aside money for short and long-term financial goals. One of the biggest questions you might have when deciding where to save centers on how much interest you ...

3. What is compound interest? How compounding works to ... - AOL

   www.aol.com/finance/what-is-compound-interest...

   Compound interest can help turbocharge your savings and investments or quickly lead to an unruly balance, stuck in a cycle of debt. Learn more about what compound interest is and how it works.

4. How do certificates of deposit work? Understanding CDs ... - AOL

   www.aol.com/finance/how-do-cds-work-220139365.html

   Most CDs compound interest daily or monthly. For short-term CDs of under 12 months, the APY is often very close to the stated interest rate because the effect of compounding is negligible over ...

5. Annual percentage yield - Wikipedia

   en.wikipedia.org/wiki/Annual_percentage_yield

   This is a reasonable approximation if the compounding is daily. Also, a nominal interest rate and its corresponding APY are very nearly equal when they are small. For example (fixing some large N), a nominal interest rate of 100% would have an APY of approximately 171%, whereas 5% corresponds to 5.12%, and 1% corresponds to 1.005%.

6. Rule of 72 - Wikipedia

   en.wikipedia.org/wiki/Rule_of_72

   The rule number (e.g., 72) is divided by the interest percentage per period (usually years) to obtain the approximate number of periods required for doubling. Although scientific calculators and spreadsheet programs have functions to find the accurate doubling time, the rules are useful for mental calculations and when only a basic calculator ...

7. Present value - Wikipedia

   en.wikipedia.org/wiki/Present_value

   For example, if the interest rate given is the effective annual interest rate, but cash flows are received (and/or paid) quarterly, the interest rate per quarter must be computed. This can be done by converting effective annual interest rate, i {\displaystyle \,i\,} , to nominal annual interest rate compounded quarterly:

8. Savings interest rates today: Put your money to work with ...

   www.aol.com/finance/savings-interest-rates-today...

   Simple interest vs. compound interest Simple interest refers to the interest you earn on your principal balance only. Let's say you invest $10,000 into an account that pays 3% in simple interest.

9. Financial calculator - Wikipedia

   en.wikipedia.org/wiki/Financial_calculator

   A financial calculator or business calculator is an electronic calculator that performs financial functions commonly needed in business and commerce communities [1] (simple interest, compound interest, cash flow, amortization, conversion, cost/sell/margin, depreciation etc.).