I hardly use Calc other than to sum up item prices in my projects. So my knowledge of its capabilities are minimal. Now I’d like to calculate APY interest paid on a CD.
Can anyone help me with the formula for interest paid on a bank certificate of deposit? I’ve looked it up but don’t understand the terms used, even with the explanations. What I’d like is a formula for e.g.,
$10,000, for 12 months at 3.00% apr.