The ultimate goal of putting money into an IRA or a CD is to make a return on your investment. After you put money into one of these two entities, you may be interested in calculating the total amount of profit that they have generated. When you own either a CD or an IRA, calculating the profit that has been generated is simple.
Instructions
1. Access the available information about your investment. With an IRA, you can typically log into your account through your broker's website. If you have a CD, you may be able to look at your online banking information to see the value. You may also receive a statement from your broker or bank that provides information about these investments.
2. Locate the account balance or the total value of your CD. When you have an IRA, it will be comprised of several investments that you choose. The value of each investment adds up to give you the total amount of your account value. With a CD, you simply look at what the CD is worth. This is the value at maturity.
3. Subtract the amount that you originally invested in the IRA or the CD from the account balance or CD value. For example, if the account balance of your IRA is $100,000, and you initially invested $60,000, your IRA has $40,000 of profit. If the value of your CD now is $1,000 and you initially invested $950, the profit of the CD is $50.
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