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  • Gic Calculator - Updated To March 2010

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    faithgrl
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    This document appears to show quarterly interest rates and interest earned on investments in Guaranteed Investment Certificates (GICs) between July 1999 and September 2004. It displays the number of days in each quarter, annual interest rates, daily compounding rates, and interest earned when compounded daily versus annually for investments of $36,000 and $3,600. Total interest earned on $36,000 investments was $32,944.91 when compounded daily and $30,210.48 when compounded annually.

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    Gic Calculator - Updated to March 2010

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    This document appears to show quarterly interest rates and interest earned on investments in Guaranteed Investment Certificates (GICs) between July 1999 and September 2004. It displays the number of days in each quarter, annual interest rates, daily compounding rates, and interest earned when compounded daily versus annually for investments of $36,000 and $3,600. Total interest earned on $36,000 investments was $32,944.91 when compounded daily and $30,210.48 when compounded annually.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    51 views2 pages

    Gic Calculator - Updated To March 2010

    Uploaded by

    faithgrl
    This document appears to show quarterly interest rates and interest earned on investments in Guaranteed Investment Certificates (GICs) between July 1999 and September 2004. It displays the number of days in each quarter, annual interest rates, daily compounding rates, and interest earned when compounded daily versus annually for investments of $36,000 and $3,600. Total interest earned on $36,000 investments was $32,944.91 when compounded daily and $30,210.48 when compounded annually.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 2

    TAXPAYER

    No. GIC simple GIC


    of interest rate compounding
    Days daily rate Compound Compound Simple Simple
    Quarter

    4,347.66 47,261.49 4,347.66 47,261.49


    Jul-99 Sep-99 91 12.72% 0.034849310%
    Oct-99 Dec-99 92 12.73% 0.034876710%
    Jan-00 Mar-00 91 13.08% 0.035737700%
    Apr-00 Jun-00 91 13.65% 0.037295080%
    Jul-00 Sep-00 92 14.00% 0.038251370%
    Oct-00 Dec-00 92 13.86% 0.037868850%
    Jan-01 Mar-01 90 13.86% 0.037972600%
    Apr-01 Jun-01 91 13.86% 0.037972600%
    Jul-01 Sep-01 92 11.89% 0.032575340%
    Oct-01 Dec-01 92 11.95% 0.032739730%
    Jan-02 Mar-02 90 11.28% 0.030904110%
    Apr-02 Jun-02 91 11.31% 0.030986300%
    Jul-02 Sep-02 92 11.84% 0.032438350%
    Oct-02 Dec-02 92 11.96% 0.032767120%
    Jan-03 Mar-03 90 11.84% 0.032438350%
    Apr-03 Jun-03 91 11.75% 0.032191780%
    Jul-03 Sep-03 92 11.78% 0.032273970%
    Oct-03 Dec-03 92 11.82% 0.032383570%
    Jan-04 Mar-04 91 12.31% 0.033633880%
    Apr-04 Jun-04 91 12.57% 0.034344260%
    Jul-04 Sep-04 92 12.51% 0.034180330%
    Oct-04 Dec-04 92 12.44% 0.033989070%
    Jan-05 Mar-05 90 12.43% 0.034054790%
    Apr-05 Jun-05 91 12.63% 0.034602740%
    Jul-05 Sep-05 92 12.68% 0.034739730%
    Oct-05 Dec-05 91 12.62% 0.034575340%
    Jan-06 Mar-06 89 12.63% 0.034602740%
    Apr-06 Jun-06 90 12.61% 0.034547940%
    Jul-06 Sep-06 91 12.87% 0.035260270%
    Oct-06 Dec-06 91 13.19% 0.036136990%
    Jan-07 Mar-07 89 13.37% 0.036630140%
    Apr-07 Jun-07 90 13.37% 0.036630140%
    Jul-07 Sep-07 91 13.37% 0.036630140%
    Oct-07 Dec-07 91 13.75% 0.037671230% 151.60 148.63
    Jan-08 Mar-08 90 14.15% 0.038661200% 159.28 151.28
    Apr-08 Jun-08 90 14.69% 0.040136610% 171.32 157.05
    Jul-08 Sep-08 91 14.75% 0.040300540% 180.38 159.44
    Oct-08 Dec-08 91 14.31% 0.039098360% 181.43 1,711.47 154.69 1,681.54
    Jan-09 Mar-09 89 11.76% 0.032219180% 151.00 1,424.40 124.33 1,351.52
    Apr-09 Jun-09 90 10.16% 0.027835620% 135.52 1,278.33 108.62 1,180.76
    Jul-09 Sep-09 91 10.13% 0.027753420% 140.10 1,321.54 109.50 1,190.36
    Oct-09 Dec-09 91 10.30% 0.028219180% 146.12 1,378.37 111.34 1,210.33
    Jan-10 Mar-10 89 10.95% 0.030000000% 155.96 1,471.16 115.77 1,258.43

    TOTALS 1,572.70 8,585.26 1,340.65 7,872.95


    Quarter No. GIC GIC daily rate
    of annual
    Days rate Compound Compound Simple Simple
    (simple (compounding
    interest) ) 36,000.00 33,012.00 3,600.00 3,301.20
    Jul-99 Sep-99 92 12.72% 0.034849310% 1,172.70 1,075.37 115.42 105.84
    Oct-99 Dec-99 91 12.73% 0.034876710% 1,198.49 1,099.01 114.26 104.77
    Jan-00 Mar-00 90 13.08% 0.035737700% 1,254.00 1,149.92 116.11 106.47
    Apr-00 Jun-00 90 13.65% 0.037295080% 1,352.36 1,240.11 121.17 111.11
    Jul-00 Sep-00 91 14.00% 0.038251370% 1,451.21 1,330.76 125.65 115.23
    Oct-00 Dec-00 91 13.86% 0.037868850% 1,487.32 1,363.87 124.40 114.07
    Jan-01 Mar-01 89 13.86% 0.037972600% 1,509.24 1,383.98 121.66 111.57
    Apr-01 Jun-01 90 13.86% 0.037972600% 1,578.95 1,447.90 123.03 112.82
    Jul-01 Sep-01 91 11.89% 0.032575340% 1,414.00 1,296.64 106.72 97.86
    Oct-01 Dec-01 91 11.95% 0.032739730% 1,463.99 1,342.48 107.26 98.35
    Jan-02 Mar-02 89 11.28% 0.030904110% 1,390.82 1,275.38 99.02 90.80
    Apr-02 Jun-02 90 11.31% 0.030986300% 1,449.78 1,329.45 100.40 92.06
    Jul-02 Sep-02 91 11.84% 0.032438350% 1,579.26 1,448.18 106.27 97.45
    Oct-02 Dec-02 91 11.96% 0.032767120% 1,643.29 1,506.90 107.35 98.44
    Jan-03 Mar-03 89 11.84% 0.032438350% 1,638.42 1,502.43 103.93 95.31
    Apr-03 Jun-03 90 11.75% 0.032191780% 1,692.48 1,552.01 104.30 95.64
    Jul-03 Sep-03 91 11.78% 0.032273970% 1,766.43 1,619.82 105.73 96.95
    Oct-03 Dec-03 91 11.82% 0.032383570% 1,825.34 1,673.84 106.09 97.28
    Jan-04 Mar-04 90 12.31% 0.033633880% 1,931.81 1,771.47 108.97 99.93
    Apr-04 Jun-04 90 12.57% 0.034344260% 2,033.88 1,865.07 111.28 102.04
    Jul-04 Sep-04 91 12.51% 0.034180330% 2,111.11 1,935.88 111.97 102.68
    32,944.91 30,210.48 2,340.97 2,146.67

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