Investment question

[Majicmike]

And its pretty simple .
If you put a 10k in a 6 months CD that pays 2.5apr at maturity will it have earned 125 or 250 bucks

 

[ProfMagoo(ret)]

MOA or MRAD?

A (tiny) bit less than $125 ... I think that "6 mo" is not quite half-a-year in bank-speak, but I defer to those with more definitive knowledge.

 

[LeeMajors]

125

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[Majicmike]

I put some money in one today. The paperwork just says 2.5% and doesn’t say APR. Hell I’ll know in 6 months