The BCRA sets the traditional fixed-term rate and allows you to calculate how much you have to invest to earn a certain amount per month or week.
He fixed term It is one of the options that stands out as a highly chosen option by savers who seek to protect their funds against the constant threat of inflation. It is a safe instrument and have predictability in investment Given the The rate is pre-established by the Central Bank (BCRA). That allows you to put performance goals. For example, if one wants To earn $20,000 per week, how much money do you have to put in?
It is worth remembering that in October the BCRA set an Annual Nominal Rate (TNA) for the traditional fixed term of 133%, which is equivalent to 11% monthly return. The Central interest rate policy seeks to promote positive real returns on investments in local currency, in order to preserve monetary and exchange stability. And, 11% of TEM beats October inflation, which was 8.3%. Thus, it is positive by almost 3 percentage points with respect to the Consumer Price Index (CPI).
Fixed term: how much do I need to earn $20,000 per week
With those numbers on the table, to win the weekly sum mentioned, which It is equivalent to about $80,000 per monthone has to deposit about $740,000 of initial capital within 30 days.
With that money, the investor or saver guarantees a monthly profit of $81,400so if you divide that by the four weeks that each month usually has, you will get just over $20,000 every seven days.
In total, it will accumulate in the account at the end of the month about $821,400, according to the fixed-term simulator. That, in a period of 30 days, but, if it is decided to renew capital plus interest, in that case, after 60 days $90,354 will be added to the initial amount plus income. Hence After two months, $911,754 will be accumulated.
pesos-billetes.jpg
Depositphotos
That is to say that, although in principle, the option is to earn 11% in a month, if capital plus profit is renewed month by month, what is applied is the TEA, which at this moment is 253% annually (a profit achieved by reinvesting both the principal and the interest generated every 30 days over 12 months).
Before selecting a bank to establish a fixed term, it is advisable check the interest rate through Home Banking or investment banking. Generally, electronic media offer more attractive rates.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
