**Introduction**

Calculating 1 Year Certificate of Deposit (CD) rates is essential for investors seeking stable returns. A user-friendly online calculator can simplify this process. In this article, we’ll guide you through creating a working CD rate calculator using HTML and JavaScript.

**How to Use**

- Input the principal amount in the designated field.
- Enter the annual interest rate.
- Click the “Calculate” button to obtain the 1 Year CD rate.

**Formula**

The formula for calculating the 1 Year CD rate is as follows: $CD Rate=(PrincipalFuture Value−Principal )×100$

**Example**

Consider a principal amount of $10,000 with an annual interest rate of 3%. The calculation would be: $CD Rate=(,,−, )×100=3$

**FAQs**

**Q1: What is a Certificate of Deposit (CD)?**

A1: A CD is a financial product offered by banks with a fixed term and interest rate, providing a predictable return on investment.

**Q2: Why Calculate 1 Year CD Rates?**

A2: Calculating CD rates helps investors assess potential returns and make informed decisions based on their financial goals.

**Q3: Can I Use the Calculator for Different Time Periods?**

A3: This calculator is designed specifically for 1 Year CD rates. For other durations, consider adjusting the formula accordingly.

**Conclusion**

Creating a 1 Year CD rate calculator using HTML and JavaScript offers a quick and efficient way to estimate returns on investment. By following the simple steps outlined in this article, users can gain valuable insights into their financial planning.