2006-12-04 10:48:56 · 11 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Well, on a million, with 6 percent (you would likely get more on such a large amount), but at 6%, it would be 60,000/ year or 5,000/month.
Hope that helps.
2006-12-04 10:52:24 · answer #1 · answered by Jade 5 · 2⤊ 0⤋
What's your annual interest rate (should be a percentage [ x%])? Just multiply 1000000 by that, and then divide it by twelve to find out how much per month. :)
~Cathryn~
PS: To nachnud, "ever heard of a comma" was a terrible answer. Commas are not actually required when writing a number, and 1000000 is just as correct as 1,000,000
2006-12-04 10:51:36 · answer #2 · answered by Cathryn E. 2 · 1⤊ 2⤋
In a special type of savings account I can guaruntee 2% per month. That is $20,000 a month.
2006-12-04 11:05:25 · answer #3 · answered by Jason H 2 · 0⤊ 1⤋
Savings accounts suck for interest.... you can assume you will barely get 2%... that will give around $1600 a month.
2006-12-04 13:01:49 · answer #4 · answered by Kitty 6 · 0⤊ 0⤋
If you just let it sit in the bank, a crappy interest rate would be about 5.5%. That would give you about $55,000 per year, or $4500 a month..
2006-12-04 10:51:35 · answer #5 · answered by Chris C 3 · 1⤊ 0⤋
Ever heard of a comma?
PS Cathryn, if this person wants responses. He/She should make the question as easy to read as possible. Throwing in a couple of commas takes no time at all and makes the number easily read. Can you tell me what this number is? 10000000000.
2006-12-04 10:50:18 · answer #6 · answered by Anonymous · 1⤊ 2⤋
At current and available interest rates (I used 4%) you would get approximately $3,300 per month.
2006-12-04 10:53:12 · answer #7 · answered by dm_dragons 5 · 0⤊ 0⤋
it depends on what bank you use. Different banks have different interest rates
2006-12-04 10:50:54 · answer #8 · answered by Anonymous · 1⤊ 0⤋
depends on the interest rate, and how often it was compiled.
2006-12-04 10:50:46 · answer #9 · answered by Anonymous · 1⤊ 0⤋
It depends.. How mush your interest rate is.
2006-12-04 10:50:27 · answer #10 · answered by Interior Design Pro 3 · 0⤊ 1⤋