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I invested some money in a bank certificate for 12 months. APY is 5.1% and dividend rate is 4.985%
I invested some money in a bank certificate for 12 months. APY is 5.1% and dividend rate is 4.985% The monthly interest earned goes into the certificate. As the money goes up in the account shouldn't the monthly amount earned rise every month? Why does it goes up and down? Starting with June was 4.58, 12.26, 13.16, Sep 7.16, 14.94, Nov 8.88. What am I not understanding here? Is there an external factor that I am missing. I thought these rates...
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