Re: ING Direct
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How often is your investment compounded? On emigrant's site it says 'compounded daily- credited monthly'
Does that mean your investment * (1.4^12 - 1) is what you would make in a year?
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The numbers quoted are APY's. So don't even worry about this, you are earning 4.0% after compounding is calculated.
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Could you give an example? I don't really understand this crap and I want to know if it's even worth the effort (if I even had money [img]/images/graemlins/smile.gif[/img])
Is there a formula so I can plug in like $x and see how much I would make in a year off the interest?
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$x * .04 will show you what you would make in a year off the interest. Yes, it is that easy.
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