Saturday, September 23, 2023

How much can I earn if I invest $2 million for 30 days?

final rise of Rate of interest who set Central Bank (BCRA) – from 91% to 97% – This pushed the 30-day fixed term investment returns to gains of over 8% per month.

In the case of deposits up to 30 million pesos made by individuals, the new guaranteed nominal annual rate floor (TNA) will be 97% – previously it was 91% – for 30-day deposits, which represents a monthly return of 8.08%. represents. and 140.51% effective annually, if the principal and interest received are reinvested every 30 days every month.

The performance of Fixed Deposits are safe receipts without any risk. However, despite the higher interest rates, they still lose out against inflation, which is creeping up to 9% per month.

Fixed Term With 97% Return: How Much Will I Make If I Invest $100,000 In 30 Days?

it means that If a person makes a fixed term of $100,000 for 30 days, at the end of the term he will receive $108,083: the $100,000 he deposited earlier plus $8,083 in interest.

If you decide to set up a new fixed term for 30 days with the initial money at the end of that month and earn $8,083 in interest, you will receive $116,762 at the end of the term, ie $108,083 deposited at the beginning That’s $8,679 a month plus interest.

If the interest rate doesn’t change during the next year, if the individual creates a new fixed term for 30 days with the initial principal and accrued interest at each expiration date, he or she will have $240,510 in 12 months.

That is, $100,000 was initially deposited and $140,510 in interest.

Fixed term with 97% return: how much can I make if I invest $1,000,000 in 30 days?

in the same way, If $1 million is invested over a fixed period at a rate of 97%, the 30-day profit is $79,726.03.

For deposits in excess of $30 million made by companies (legal entities), the guaranteed minimum rate will be 90%, representing an effective annual rate of 138%.

Fixed Term With 97% Return: If I Invest $2,000,000 For 30 Days, How Much Will I Earn?

With $2 million invested, you earn $159,452.05 per month Which means a good reinforcement for the pocket.

What happens with fixed duration UVA?

banks also give Fixed Terms “UVA + 1%” Pre CancelableAs an investment option for savers at a positive real rate of return, as they offer a minimum annual rate of 1% and an annual rate of return of 1 percent at an interest rate equal to the Consumer Price Index reported by INDEC.

This mechanism makes it possible to maintain the purchasing power of savings and beat inflation by one point if the contractual period of 90 days is reached.

The specialty of this product is that it has the option of pre-payment after 30 days, albeit with a lower rate of interest than conventional fixed terms, which currently stands at 91.80%.

It is mandatory for all banks to offer fixed terms of “UVA + 1%” in home banking through all modes whether in physically present branches or through electronic platforms.

World Nation News Desk
World Nation News Desk
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