My bank offers an "easy start" CD, which you continue adding money to on a monthly basis. The interest is compounded daily (it's .75%) and I would add a deposit of $800 to this CD at the beginning of every month, and this would continue for 3 years.
I need a formula that will let me compound daily interest for 3 years while adding a monthly amount to the principle. Or, better yet, a solid number.
I need a formula that will let me compound daily interest for 3 years while adding a monthly amount to the principle. Or, better yet, a solid number.