ÿþ<HTML> <HEAD> <TITLE>CD Ladder Calculator</TITLE> <META HTTP-EQUIV="Content-Type" CONTENT="text/html; charset=iso8859-1"> <META NAME="description" CONTENT="Financial Calculators, ©1998-2010 KJE Computer Solutions, LLC. For more information please see http://www.dinkytown.net"> <STYLE> <!-- BODY, TABLE, TD, TH, UL, OL, DD, DL, P, BR { font-family: helvetica, arial, sans-serif; font-size: 10pt; } H1 { font-family: helvetica, arial, sans-serif; font-size: 13pt; font-weight: bold; } DT { font-family: helvetica, arial, sans-serif; font-size: 10pt; font-weight: bold; } P.footer { font-family: helvetica, arial, sans-serif; font-size: 9pt; } DIV.large { font-family: helvetica, arial, sans-serif; font-size: 13pt; font-weight: bold; } --> </STYLE> </HEAD> <!-- Financial Calculators, ©1998-2008 KJE Computer Solutions, LLC. 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For more information please see: <A HREF="http://www.dinkytown.net">http://www.dinkytown.net</A> --> <H1>CD Ladder Calculator</H1><P>Use this calculator to examine the benefits of investing in a series of Certificates of Deposits with different maturities, also called a CD Ladder. With a CD Ladder, you can benefit from higher interest rates for longer maturities, while achieving better liquidity, rather than investing in a single long-term CD. <!--showstart <P>To maximize results of the CD Ladder, each maturing CD should be reinvested in a new CD with a term equal to the longest term CD. This strategy allows you to take advantage of the higher rates normally associated with longer-term CDs while maintaining frequent access to your funds. <P>For example: If you established a ladder with 6-month, 12-month, 18-month and 24-month terms, when the 6-month CD matures, invest the funds in a new 24-month CD. Similarly, when the 12-month CD matures, invest the funds in another new 24-month CD, and so on. At the end of two years you'll have four, 24-month CDs with a CD maturing every six months. showend--> <P><CENTER> <!--[if IE]><object name="calculator" classid="clsid:8AD9C840-044E-11D1-B3E9-00805F499D93" codebase="http://java.sun.com/update/1.6.0/jinstall-6-windows-i586.cab#Version=1,4,0,0" height="400" width="565"><param name="code" value="CDLadder" /><param name="archive" value="dinkytown.jar" /> <P style="font-size:1px; color: #ffffff" line-height: 1px><![endif]--><![if !IE]><P style="font-size:1px; color: #ffffff" line-height: 1px><![endif]></P><![if !IE]><APPLET name="calculator" code="CDLadder.class" align="baseline" WIDTH="565" HEIGHT="400" archive="dinkytown.jar"><![endif]> <PARAM name="TOTAL_TO_INVEST" value="100000"> <PARAM name="FUND_ACCESS" value="12"> <PARAM name="PERIODIC_AMOUNT_AVAILABLE" value="20000"> <!-- Rates for CD terms can be set by as specifically to the month. Minumum term is 1 month, maximum is 360 If a rate is not specified the closest term shorter than that term will be used to find a rate. All rates can be changed when the calculator is run, these are the default rates only. The example rates below define rates every six months through five years. Any term over 60 months has a default rate of 60 months. Simply add addition parameters to add additional rate/term combinations.--> <PARAM name="MONTHLY_RATE1" value="2.0"> <PARAM name="MONTHLY_RATE6" value="2.25"> <PARAM name="MONTHLY_RATE12" value="2.50"> <PARAM name="MONTHLY_RATE18" value="2.75"> <PARAM name="MONTHLY_RATE24" value="3.0"> <PARAM name="MONTHLY_RATE30" value="3.25"> <PARAM name="MONTHLY_RATE36" value="3.50"> <PARAM name="MONTHLY_RATE42" value="3.75"> <PARAM name="MONTHLY_RATE48" value="4.00"> <PARAM name="MONTHLY_RATE60" value="4.25"> <!-- Options for COMPOUND_FREQ: COMPOUND_DAILY COMPOUND_MONTHLY COMPOUND_QRTLY COMPOUND_SEMI COMPOUND_ANNUALLY --> <PARAM name="SHOW_DAILY" value="true"> <PARAM name="SHOW_MONTHLY" value="true"> <PARAM name="SHOW_QRTLY" value="true"> <PARAM name="SHOW_SEMI" value="true"> <PARAM name="SHOW_ANNUALLY" value="true"> <PARAM name="COMPOUND_FREQ" value="COMPOUND_ANNUALLY"> <!--CUSTOM PARAMETERS--> <PARAM name="TEXT_FOR_REPORT" value="<HTML> <HEAD> <TITLE>CD Ladder Calculator</TITLE> <META HTTP-EQUIV='Content-Type' CONTENT='text/html; charset=iso8859-1'> <META NAME='description' CONTENT='Financial Calculators, &QCPQ;1998-2010 KJE Computer Solutions, LLC. For more information please see http://www.dinkytown.net'> <STYLE> <!-- BODY, TABLE, TD, TH, UL, OL, DD, DL, P, BR { font-family: helvetica, arial, sans-serif; font-size: 10pt; } H1 { font-family: helvetica, arial, sans-serif; font-size: 13pt; font-weight: bold; } DT { font-family: helvetica, arial, sans-serif; font-size: 10pt; font-weight: bold; } P.footer { font-family: helvetica, arial, sans-serif; font-size: 9pt; } DIV.large { font-family: helvetica, arial, sans-serif; font-size: 13pt; font-weight: bold; } --> </STYLE> </HEAD> <BODY bgcolor='#FFFFFF' LINK='#003399' VLINK='#666666' BGCOLOR='#FFFFFF'> <P><CENTER><table border=0 bgcolor='#000000' width=468 cellspacing=1 cellpadding=0><tr><td width='100%'><table bgcolor='#FFFFDD' border=0 width=468 cellspacing=1 cellpadding=5><tr><td width='100%' align=center valign=middle><DIV class=large>CD Ladder Calculator</DIV></td></tr></table></TD></TR></TABLE></CENTER> <H1>Your ending balance using CD Laddering is CD_LADDER_TOTAL.</H1>**GRAPH** At the end of CD_TIME_LONGEST, your balance using CD Laddering will be CD_LADDER_TOTAL. Using a single rollover cd, your balance will be SINGLE_CD_TOTAL. LADDER_RESULT <!--hidestart--> <P><CENTER><table border=0 bgcolor='#000000' width=95% cellspacing=1 cellpadding=0><tr><td width='100%'><table bgcolor='#FFFFFF' border=0 width=100% cellspacing=1 cellpadding=5> <TR BGCOLOR='#CCCCCC'><TD COLSPAN=2><CENTER><B>Results Summary</B></CENTER></TD></TR> <TR><TD><b>Total to invest </b> </TD><TD> TOTAL_TO_INVEST </TD></TR> <TR><TD><b>Frequency of CDs maturing </b> </TD><TD> FUND_ACCESS months</TD></TR> <TR><TD><b>Amount in each CD </b> </TD><TD> PERIODIC_AMOUNT_AVAILABLE </TD></TR> <TR><TD><b>CDs in your ladder </b> </TD><TD> NUMBER_OF_CDS </TD></TR> <TR><TD><b>Interest is compounded </b> </TD><TD> COMPOUND_DESC </TD></TR> <TR BGCOLOR='#CCCCCC'><TD><b>CD Ladder</b> </TD><TD> <B> CD_LADDER_TOTAL </B></TD></TR> </TABLE></TD></TR></TABLE></CENTER> <!--hideend--> <P><CENTER><table border=0 bgcolor='#000000' width=95% cellspacing=1 cellpadding=0><tr><td width='100%'><table bgcolor='#FFFFFF' border=0 width=100% cellspacing=1 cellpadding=5> <TR BGCOLOR='#CCCCCC'><TD COLSPAN=5><CENTER><B>CD Ladder</B></CENTER></TD></TR> <TR><TH><BR>CD</TH><TD><BR><b>Term</b></TD><TD><BR><b>APR</b></TD><TD><b>Starting<BR>Amount</b></TD><TD><b>Balance at<BR>Maturity</b></TD></TR> **CD_LADDER** </TABLE></TD></TR></TABLE></CENTER> <BR> </CENTER> <P><DIV class=large>CD Ladder vs. Single Rollover CD</DIV> <HR SIZE=1> **REPEATING GROUP** <BR> <HR SIZE=1> <CENTER><P class=footer> Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues. </P></CENTER><br><br> </BODY> </HTML> "> <H1><CENTER>This Financial Calculator requires SUN's Java"! Plug-in. If you see this message you will need to download SUN's Java"! Plug-in. This can be done automatically by clicking the yellow bar at the top of your browser and choosing  Install ActiveX Control . </CENTER></H1> <OL> You can also get SUN's Java"! Plug-in here: <A href="http://www.java.com/en/download/download_the_latest.jsp" target=_blank><b>Get the Java"! Plug-in!</b></A> <P>For more information about this Plug-in please visit: <A href="http://www.dinkytown.net/money/sunjvm.html" target=_blank><b>SUN's Java"! Plug-in</b></A> <BR>For more information these financial calculators please visit: <A href="http://www.dinkytown.net" target=_blank><b>Financial Calculators from KJE Computer Solutions, LLC</b></A> </OL><!--[if IE]></OBJECT><![endif]--><![if !IE]></APPLET><![endif]> </CENTER><CENTER><SCRIPT>document.write(showbuttons())</SCRIPT> </CENTER> <H1>Definitions</H1><P><TABLE align='center' WIDTH="95%"><TR><TD><DL><!--DEFN_START--> <DT><B>Total to invest</B><DD> This is the total amount to invest in your CD Ladder.<P> <DT><B>Frequency of Maturing CDs</B><DD> How often you would like to have a CD maturing. For example, if you choose six months, one of your CDs in your CD ladder will mature every six months.<P> <DT><B>Amount in each CD</B><DD> How much you wish to invest in each CD in your ladder. We use this amount to calculate the number of CDs in the ladder. If the amount that you enter isn't evenly divisible by the total you wish to put into your CD Ladder, we will automatically adjust it up to an evenly divisible amount. <P> <DT><B>CDs in your Ladder</B><DD> The number of CDs that will be in your CD ladder. Each CD will have a different maturity, so that one of your CDs will mature at the frequency you specify. This calculator assumes that you redeposit all matured CDs into new CDs that have a term of the longest maturity in your original CD ladder. <P> <DT><B>Interest is compounded</B><DD> Interest earned on your CD's accumulated interest. This calculator allows you to choose the frequency that your CD's interest income is added to your account. The more frequently this occurs, the sooner your accumulated interest income will generate additional interest. You may wish to check with your local office to find out how often interest is being compounded on your particular CD. <!--DEFN_END--></DL></TD></TR></TABLE> <BR> <HR SIZE=1> <CENTER> <P class=footer> Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues. </P></CENTER> <BR> </BODY> </HTML>