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Jumbo Fixed Rate Certifcate of Deposit Terms and Conditions Minimum Deposit to $100,000 Open Account . Term . Varies from 7 days to 5 years (depending on CD). The Certificate of Deposit Receipt will show the maturity date.
That would depend on which kind of interest you mean. Normal interest would add a 5% each month to beginning amount, so you would get 5% x 12, which is $100.000 x (1 + 0,05 x 12) = $160.000 If you use compound interest, however, each month you wil...
Amortization Schedule. Amount of Loan: Annual Interest Rate (in percent) Length of Loan (in months) Total Payments $128,678.86: Total Interest $28,678.86:

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A checking or savings account is the place for money that you can’t afford to lose. While the annual percentage yield (APY) is very important for these funds, it shouldn’t be prioritized over.
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The government, however, doesn't know that.
That's why federal law requires banks to report certain transactions that might be evidence of a money laundering scheme.
Bank Secrecy Act The Currency and Foreign Transaction Reporting Act of 1970 established rules for large bank and business transactions.
Most people refer to this law by its more ominous name, the Bank Secrecy Act.
That includes deposits and withdrawals, as well as currency exchanges and using cash to buy such things as traveler's checks, cashier's checks or certified checks.
Large transactions are perfectly legal.
The bank just takes down your identification and uses it to file a form called a Currency Transaction Report, which it sends to the IRS.
The bank goes ahead and puts the money in your account the same as it would do for any other deposit.
When you'll have access to the money depends on your bank's policy about making deposited funds available.
The bank doesn't codes download free to wait for an OK from the IRS.
Not surprisingly, the IRS is a bit circumspect about what happens to filed Currency Transaction Reports -- or what it takes to trigger an investigation.
All it says is that the reports go into a database, where law enforcement officials have access to them.
These reports create a paper trail that helps the IRS make sure taxes are properly paid and cash isn't used to promote illegal activities.
The law also requires the bank to report multiple transactions that seem related.
Really, a bank can report any transaction it thinks is fishy.
Exemptions to Consider Plenty of people have legitimate reasons for depositing large sums of cash, and banks can get exemptions for their business customers who regularly do so.
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The bank must file an exemption after codes download free first large deposit.
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About the Author Cam Merritt is a writer and editor specializing in business, personal finance and home design.
He has contributed to USA Today, The Des Moines Register and Better Homes and Gardens"publications.
Merritt click to see more a journalism degree from Drake University and is pursuing an MBA from the University of Iowa. 5 deposit on 100 000 5 deposit on 100 000 5 deposit on 100 000 5 deposit on 100 000 5 deposit on 100 000 5 deposit on 100 000

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If I deposit $100000 with 5% interest per month, what formula in math can I used to know how much the total of money I would had in a year? - Quora 5 deposit on 100 000

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A checking or savings account is the place for money that you can’t afford to lose. While the annual percentage yield (APY) is very important for these funds, it shouldn’t be prioritized over.
Amortization Schedule. Amount of Loan: Annual Interest Rate (in percent) Length of Loan (in months) Total Payments $128,678.86: Total Interest $28,678.86:
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