2007-02-20 01:41:20 · 4 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
clarify your question. Are you saying the 4.5% is the daily rate or annual? And if so, are you saying you want $250 daily? If you didnt add in all the extra terms, it wouldnt be confusing.
2007-02-20 01:47:33 · answer #1 · answered by ricks 5 · 0⤊ 0⤋
Depends on the time period.
To earn $250 in one year at an APY of 4.5% you need $5,555.55 which is $250/0.045.
2007-02-20 07:37:41 · answer #2 · answered by Anonymous · 0⤊ 0⤋
2,035,000 earning 4.5 percent will give you the daily number you are looking for.
2007-02-20 03:27:54 · answer #3 · answered by Anonymous · 0⤊ 0⤋
250 in a day, a week, a month or year?
if year, you need 5,555.56
if month, you need 66,666.72
if week, you need 288,888.89
if day, you need 2,027,777.78
2007-02-20 03:39:31 · answer #4 · answered by jean 4 · 0⤊ 0⤋