"JE McGimpsey" wrote in message
...


In article . net,
"Ira Hayes" wrote:

I think my bank has been underpaying me interest on a 5 year certificate
of
deposit.

How can I calculate the interest I should be getting on, say, $2,500 for
a
five year term at 6.77% and show how much interest accrues at year one,
year
two, etc.?

Ike

Thanks for the response.

I guess I'm just a dumb Excel newbie but I plugged that formula into a cell
and it returns #NAME?

So what am I doing wrong?

Ike