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3
votes
2answers
93 views

Is there a generally accepted term for fractions of Currency Units?

If you imagine in the stock market prices are often quoted to many decimal places. For example: USD 27.4955 This smells like a monetary value e.g. it has a currency code and a value however it ...
3
votes
2answers
212 views

Calculating Future and Present value into mortgage comparisons

I'm looking to buy a home in the next 3 or 4 months. The bank I'm working with has 10 different mortgage rates, currently ranging from 3.5% to 4.625%, with points respectively ranging from 2.875 to ...
3
votes
3answers
3k views

How do I convert an annual inflation rate into a monthly rate?

For the sake of argument, let's say that the annual rate is 12%. What is the corresponding monthly rate and how do I compute that? I'm assuming it's not as simple as 1%, and there is some compound ...
2
votes
1answer
65 views

Where can I find the latest and best US CD rates online?

Where can I find the latest and best US CD rates online? I'm looking for a clean site that provides updated rates, and can also notify me when CD rates change.