CD compounding

[lovpunani]

if i put in $2000 every month for 15yrs into a cd with a maturity date of 6months and 5% interest rate and rolling everything for 15 years, would i reach the 2million dollar mark?

[factor-fiction]

no- more like $530,000.
Here's a calculator site http://www.caterallen.co.uk/InterestRates/Savi ngsCalculator.aspx?pid=82