Personal Investment & Financial Planning Q`s/Interest- CD

Advertisement


Question
Is there a program or excel formula that will enable me to calculate the average interest rate on multiple CDs as interest is compounded over time?
Thank you

Answer
Hi. I am not aware of a specific program that will do this, although I am sure there are many. You can take a look at Quicken Money as I believe this has the capability. Also, in Excel, there are all kinds of formulas you can use to perform financial calculations, although, you need to have a good working knowledge of Excel to do this. I hope this helps.

Personal Investment & Financial Planning Q`s

All Answers


Answers by Expert:


Ask Experts

Volunteer


John D Smith, CFP

Expertise

I can answer detailed questions regarding mutual fund investing, retirement planning, education planning and related comprehensive wealth management and investment concerns.

Experience

I have been providing fee only investment management and comprehensive wealth management services for the past 19 years.

Education/Credentials
I have a degree in Financial Planning & Counseling and I am also a Certified Financial Planner practitioner.

©2016 About.com. All rights reserved.