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613 Search Results

Guide to Add-On Certificates of Deposit

Guide to Add-On Certificates of Deposit

https://www.sofi.com/learn/content/what-is-an-add-on-certificate-of-deposit/

…12-month CD that earns 5% APY and make an initial deposit of $1,000. At the six-month point, you’ve earned $24.70 in interest and your balance is now $1,024.70. You decide…


Filling out the FAFSA With Undocumented Parents

Filling out the FAFSA With Undocumented Parents

https://www.sofi.com/learn/content/fafsa-and-undocumented-parents/

…can secure lower rates, sometimes below 5.00%, while subprime borrowers (scores below 600) may see rates over 10.00%. •   Undocumented parents can provide necessary information on the FAFSA without a…


The S&P 500 Explained and Defined

The S&P 500 Explained and Defined

https://www.sofi.com/learn/content/what-is-the-sp-500/

…of holdings Focus/Speciality S&P 500 500 Market bellwether Dow Jones Industrial Average 30 Large “blue-chip” stocks Nasdaq 100 Technology stocks Wilshire 5000 ~3,500 Entire-market index Russell 2000 ~2,000 Small-cap stocks…


Understanding the Coupon Rate of a Bond

Understanding the Coupon Rate of a Bond

https://www.sofi.com/learn/content/bond-coupon-rate/

…$50 annual coupon payment by the $1,000 par value of the bond. 50 / 1000 = 0.05 •   Then multiply the result by 100 (0.05 x 100) to find that…


I Make $100,000 a Year. How Much House Can I Afford?

I Make $100,000 a Year. How Much House Can I Afford?

https://www.sofi.com/learn/content/i-make-100k-a-year-how-much-house-can-i-afford/

…spend more than three times your annual income on a home. If you earn $100,000 a year, that would be $300,000. A salary of $100,000 is well above the national…


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