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Old 08-27-2005, 04:32 PM
johnbusc@hotmail.com
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Default Re: Posting interest - Cert's of Deposit

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.


  #-1  
Old 08-27-2005, 04:09 PM
Elizabeth
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Default Posting interest - Cert's of Deposit

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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cert, deposit, interest, posting
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