Tuesday, December 5, 2023

How much will I earn per year if I deposit $100,000 every month?

With the decision of Banco Central (BCRA) by leave the interest rate unchanged despite Inflation data for August, which was 12.4%, fixed terms were not the best investment alternative. However, they are still a safe option to protect savings and achieve some profitability.

The interest rate for fixed deposits will remain the same at 118% (nominal annual rate, TNA) with a performance of 209% effectiveness in one year which, expressed monthly, corresponds to an increase of 9.7% (TEM).

In this way, although the Interest charges of insoles A fixed term are traditional today on a high level this month they were below the level of inflation. That’s why it’s important that you know about extending your fixed term what return you get According to him Starting amount invest and Expression.

Read Also:  Suburbia finishes the Samsung refrigerator without mixing in odors or generating cold

At current interest rates, if we deposited $100,000 each month without withdrawing principal or interest and renewed the deposit after 30 days, we would have a total balance of $2,303,744 at the end of the year.

This means that if we deposit $1,200,000 throughout the year, the profit will almost double.

Calculate what the return on your traditional fixed term is

Fixed term: How much will I earn if I invest $10,000 in 30 days?

With current interest rates when making a deposit $10,000 a profit of almost $970 the equivalent of 9.7% the original investment.

Fixed term: How much will I earn if I invest $100,000 in 30 days?

This means that when a person makes a fixed term from 30 days from $100,000 at the end of the term receives $109,698.63: the $100,000 I originally deposited, plus a interest from $9,698.63.

Read Also:  A broad budget but with a zero deficit thanks to additional income from inflation

Fixed term: How much will I earn if I invest $500,000 in 30 days?

When they are invested $500,000 After 30 days you will win $48,493.

Fixed term: How much will I earn if I invest $1,000,000 in 30 days?

In the same sense when you invest 1 million dollars in a set period of time, with which 118% rate The 30 days profit It is $96,986,301.

For the Deposits of more than $30 million performed by Companies (legal person), the guaranteed minimum rate will be from 111% with a monthly effective interest rate from 9.12%.$

Nation World News Desk
Nation World News Deskhttps://nationworldnews.com/
Nation World News is the fastest emerging news website covering all the latest news, world’s top stories, science news entertainment sports cricket’s latest discoveries, new technology gadgets, politics news, and more.
Latest news
Related news