How much money can be earned in interest rate with a traditional fixed term of $500,000; $200,000; $100,000 or $50,000 in a month or a year
29/07/2022 – 09,17hs
Currently, the floor for Deposit of fixed period Went from paying for 30 days with a maximum capitalization of $10,000,000 53% p.a. to 61% p.a. (TNA), it generates that effective annual rate be 81.3% about.
This makes many people wonder: how much do I earn if I put $500,000 in a given period after the last rise of Rate of interest,
How much does a fixed term of $500,000 pay?
if we decide Invest $500,000 in 30 days With this new rate, it will generate $25,400 per month interestabout.
In the hypothetical case that we invest that money continuously every 30 days, at the end of the year We will receive $500,000 of capital and $406,500 interest, Getting a total of $906,500.
How much can I earn if I put in $500,000 over a certain period of time after the previous interest rate increase?
How much does a fixed term of $50,000 give me?
Instead, if we decide Invest $50,000 One 30 dayswill generate us $2,540 interestabout.
In the hypothetical case that we invest that money continuously every 30 days, at the end of the year we will get $50,000 principal and $40,650 interest, Total $90,650.
How much money can be made with a traditional fixed tenure of $100,000
if we invest $100,000 One 30 days with this new bowlwill generate us $5,080 interest, about. If we continuously invest that money every 30 days, at the end of the year we will get $100,000 principal and $81,300 interest, Total $181,300
How much does a fixed term of $200,000 make?
If we decide to invest $200,000 in 30 days with this new rate, it will generate $10,160 interest, about. In the hypothetical case that we invest that money continuously every 30 days, at the end of the year We will receive $200,000 capital and $162,600 interest, Total earnings of $362,600
The minimum limit for a 30-day fixed deposit with a maximum capitalization of $10,000,000 is 48% p.a.
Calculate interest for a certain period
Although banks They provide simulators to know if exact interest For a given period, it is important to learn how to calculate it through some simple formulas.
annual nominal interest
The annual nominal interest is right amount Which we will get by keeping a fixed period for a whole year.
If the annualized nominal rate is 48%, the annual nominal interest would be $48,000, because: 100,000 x 48 / 10 = 48,000.
monthly nominal interest
On the other hand, the monthly nominal interest will be Nominal profit we will get in a month, To calculate this, you need to get the monthly nominal rate that results from dividing the annual nominal rate by twelve.
If the TNA is 48%, the monthly nominal rate will be 4%, so if you invest $100,000 the monthly nominal interest will reach $4,000.
annual effective interest
In the end, there will be an economic benefit of making the annual cash a fixed term of one year, but renvirtiendo monthly interest.
To find out you have to apply the formula compound capitalizationwhich is: principal x (1 + interest rate) ^ period of time.
If the initial capital is $100,000, the monthly nominal rate is 4% and the term is twelve months, the annual effective interest will be approximately $60,000, because: 100,000 x (1 + 0.04) ^ 12 = 160,000.