How much do I need to invest in a fixed term to earn a minimum salary?

How much do I need to invest in a fixed term to earn a minimum salary?

August 18, 2023 – 10:41

The BCRA increased the monetary policy rate by 21 percentage points, with the new interest rate, how much do I earn if I invest $100,000, $200,000, $300,000?

The fixed term is an investment that does not carry risks. It is a deposit for which for a certain number of days the money is immobilized and generates interest.

Depositphotos

After the decision of the central bank to raise the interest rate that the banks will pay to savers who make fixed-term deposits, this type of investment was left with a monthly return of almost 10%. There are not a few economists who even recommend that it is time to take that option.

What is a fixed term?

He fixed term It is an investment that does not carry risks. It is a deposit for which for a certain number of days the money is immobilized and generates interest.

After this period, the money is again available to the saver, who receives both the original deposit and the interest.

How to earn a minimum salary per month with a fixed term?

Currently, the minimum wage is set at $112,500. To have a profit of more or less that amount, a 30-day fixed-term deposit of $1,158,000 must be made.

Fixed term with a rate of 118%: How much do you have to deposit to earn $100,000 in a month?

With the new interest rate of 9.8% per month, if $1,040,000 is invested, the return after 30 days will be slightly more than $100,000.

Increase the fixed term: how much do I earn if I invest $100,000 in 30 days?

If $100,000 is invested in a fixed term with a rate of 118%, the 30-day profit is $9,698.63.

Increase the fixed term: how much do I earn if I invest $200,000 in 30 days?

If $200,000 is invested in a fixed term with a rate of 118%, the 30-day profit is $19,397.26.

Calculate the yield of your fixed term

Increase the fixed term: how much do I earn if I invest $300,000 in 30 days?

If $300,000 is invested in a fixed term with a rate of 118%, the 30-day profit is $29,095.89.

Source: Ambito

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