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| Elizabeth, You should still post your statement amounts. You said you told the program "whether to reinvest the interest on a monthly basis". If I recall correctly, what it asks is the frequency of compounding. I assume you selected monthly. Is this correct? While the program will calculate estimated earnings for the account based on frequency of compounding, it won't force any renewal amount on you. Entering the actual data, either manually or via download, is entirely your job. Hope this helps! Regards, JB Elizabeth wrote: - quote - > Money 2005: > Upon entering a Cert of Deposit for the first time, and telling the program > the maturity date, the interest rate, and whether to reinvest the interest on > a monthly basis, should I also post the monthly statement amounts during the > life of the CD? OR, will the program count that as a duplicate amount once > the CD has matured and I renew/redeem and the program figures out the new > renew amount? I'd like to keep track of the interest for tax purposes. > Thanks for your help. |
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| Money 2005: Upon entering a Cert of Deposit for the first time, and telling the program the maturity date, the interest rate, and whether to reinvest the interest on a monthly basis, should I also post the monthly statement amounts during the life of the CD? OR, will the program count that as a duplicate amount once the CD has matured and I renew/redeem and the program figures out the new renew amount? I'd like to keep track of the interest for tax purposes. Thanks for your help. |
| Tags |
| cert, deposit, interest, posting |
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