Certificate of Deposit Calculator

Certificate of Deposit (CD) Calculator

Certificate of Deposit (CD) Calculator

Parameter Description Example Value
Initial Deposit The initial amount of money deposited into the CD. $5,000
Annual Interest Rate The annual interest rate applied to the CD. 3%
Compounding Frequency The frequency at which interest is compounded (e.g., monthly, quarterly). Quarterly
Term Length (years) The length of time the money is deposited in the CD. 5 years
Future Value The value of the deposit at the end of the term, after interest is applied. $5,796.92

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