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   can.taxes      All that "free" healthcare has a price      23,408 messages   

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   Message 23,196 of 23,408   
   arghbarg to All   
   Simple finance math question   
   26 Sep 17 12:15:05   
   
   From: timnels@gmail.com   
      
   If I had taxable interest of $1800 in a year, given todays banking rates for   
   CD's and/or savings accounts what would my balance need to be.   
      
   I think I understand that if I have an APR of 1% that would mean I had about   
   $180,000 in the bank for the year, correct?  And at 2% that would mean about   
   $90,000.   
      
   The best interest rates I have seen for saving is about 1% and 12-18 month CD   
   is ~ 2%. I just want to make sure my calculations make sense. Thanks.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)   

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