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I have $100,000 that I want to place in a 5-year CD at 2% (interest compounded daily). How much money will my $100,000 earn in one year?

my computer won't download a CD calculator...thanks for answering the above question!

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Getting 2% these days is a pretty good return, If you were to invest $100,000 at 2% for 24 months compounded daily, you would end up with $104,080.96 after 2 years. A calculator can be found at http://www.bankrate.com/calculators/savings/bank-cd-calculator.aspx without downloading anything.

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