Fixed term alert: the BCRA defined what it will do with the interest rate

Fixed term alert: the BCRA defined what it will do with the interest rate

After the Minister of Economy, Luis “Toto” Caputo, communicated the new economic policies, the official dollar increased to $800, there was a strong devaluation of the peso and in light of this, many Argentines wonder what will happen to the fixed term.

In this way, the fixed term traditional has a monthly effective yield (the TEM) of 11%, that although it would remain below the estimated inflation for Decembercan help those savers who do not invest in other instruments.

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

With current interest rates, when depositing $10,000 a profit of $1,093.15the equivalent of eleven% of the original investment. Therefore, at the end of the month there will be $11,093.15 in the destination account.

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

This means that if a person makes a fixed term by 30 days of $100,000at the end of the term you will receive $110,931.51: the $100,000 that I had initially deposited plus a interest of $10,931.51.

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

If they are invested $500,000 After 30 days, the profit is $54,657.53which is equivalent to a cumulative total (profit plus capital) at the end of the month of $554,657.53.

Fixed term: how much do I earn if I invest $2,000,000 in 30 days?

With $2 million invested you earn per month $218,630.14which implies a good reinforcement to the pocket, since the total that the user will have in their account at the end of the term will be $2,218,630.14.

Fixed term: how much do I earn if I invest $150,000 in 30 days?

In the same sense, if you invest $150,000 in a fixed period, with the 133% ratethe 30 day profit It is $16,397.26. Thus, at the end of the month, the saver will have accumulated in his or her account $166,397.26 total.

Source: Ambito

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