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How much do I have to deposit to win $100,000?

How much do I have to deposit to win $100,000?

At the moment, deposits in pesos yield a 75% annual nominal rate. The annual effective rate becomes 107.5%. And the monthly yield is 6.25%. I know more.

While the inflation remains between 6% and below that figure, the interest rate set by him central bank it continues to be located above of that value and earn money through a fixed term is still a option profitable. In this note, we show you the performance of one of the most widespread investments among Argentines.

For the moment, the deposits in pesos render 75% of nominal annual rate (TNA). Meanwhile, the effective annual rate (EAR)which arises from reinvesting every month the capital and the returns it generates, passes to the 107.5%. In the month, the return is 6.25%.

fixed term savings

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This means that the public and private banks pay a nominal fee of 75%but, if the profit obtained per month is reinvested, they start to have a return in one year of the 107.5%.

If you have the possibility of saving something from your salary every month, one option is to invest it in fixed term to count the interest the following month. Or, if you have a larger capital, you can even live off the returns.

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Fixed term: how much do I earn if I invest $50,000?

With a TNA of 75%, a fixed term of $50,000 at 30 days returns the initial capital plus interest, leading to a total of $53,287.67.

Fixed term: how much do I earn if I invest $100,000?

With a TNA of 75%, a fixed term of $100,000 at 30 days returns the initial capital plus interest, a total of $106,575.34 is received.

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freepik.es

Fixed term: how much do I earn if I invest $500,000?

With a TNA of 75%, a fixed term of $500,000 at 30 days returns the initial capital plus interest, a total of $532,876.71 is received.

Fixed term: how much do I earn if I invest $1 million?

With a TNA of 75%, a fixed term of $1,000,000 at 30 days returns the initial capital plus interest, a total of $1,065,753.42 is received.

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Fixed term: how much do I have to invest to earn $100,000?

With a TNA of 75%, to win 100,000 in 30 days you need to invest $1,600,000 in a fixed term.

Source: Ambito

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