2006-08-30 10:35:01 · 5 answers · asked by superdave 1 in Business & Finance ➔ Investing
$6363.93
2006-08-30 13:19:39 · answer #1 · answered by STEVEN F 7 · 1⤊ 1⤋
Don't forget the taxes!!!... (just suppose that the taxes is 20% of interest)
and... there are banks which will offer till 7% per year... this will be how your money rises!
year 00 - $ 0,600,000.00 (the day you deposit)
year 01 - $ 0,633,600.00
year 02 - $ 0,669,081.60
year 03 - $ 0,706,550.17
year 04 - $ 0,746,116.98
year 05 - $ 0,787,899.53
year 06 - $ 0,832,021,90
year 07 - $ 0,878,615.13
year 08 - $ 0,927,817,58
year 09 - $ 0,979,775.36
year 10 - $ 1,034,642.78
If you don't touch the money for 120 months + 1 day, you will receive your initial $ 600,000.00 + 72.44% ($ 434,642,78)
...
But are companies looking for investors that pays almost 7% a year offering partnerships!
You should think before doing anything with your money... but don't think too much... time IS money!
Have a great day.
2006-08-30 11:13:45 · answer #2 · answered by Anonymous · 0⤊ 1⤋
I got $5250 per month.
Here is how:
Take $600,000 and multiply by 1.05 to get your total with interest. Divide by 120.
This is for simple interest, if it is compounded some other way, it's a different process.
2006-08-30 10:41:35 · answer #3 · answered by Kaotik29 4 · 0⤊ 1⤋
Go to www.bankrate.com for all of the calculators you need.
2006-08-30 10:44:31 · answer #4 · answered by Mike K 3 · 0⤊ 0⤋
approx. $6364/month
2006-08-30 10:43:40 · answer #5 · answered by SDD 7 · 0⤊ 1⤋