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I opened a CD in December. It says APY is 5.2% and rate is 5.07%. The link below is a picture of my investment beginning in December and the amount of interest calculated/deposited each month. Shouldn't it be increasing since I have more money in the account than I started with?
Can someone explain? I feel like it's a simple answer, but I'm missing something.
submitted by /u/Apprehensive-Pay-583
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Can someone explain? I feel like it's a simple answer, but I'm missing something.
submitted by /u/Apprehensive-Pay-583
[link] [comments]
Continue reading...