2007-06-04 06:37:26 · 9 answers · asked by kevin b 1 in Business & Finance ➔ Personal Finance
That would depend entirely on what interest rate you got.
2007-06-04 06:41:13 · answer #1 · answered by Papou 3 · 0⤊ 0⤋
If you had that much money, I don't think you'd need to ask the question!
The return would be the same no matter what the principle sum was - and would be related to the interest rate paid by the bank.
2007-06-04 14:02:18 · answer #2 · answered by Anonymous · 0⤊ 0⤋
It depends on 2 things...the interest rate and how the interest is compounded and calculated (this could mean a big difference in money). Interest rates vary by region and of course, by bank.
2007-06-04 13:45:40 · answer #3 · answered by ruca80 3 · 0⤊ 0⤋
First find an interest rate then you'll be able to figure out the interest monthly.
2007-06-04 20:56:24 · answer #4 · answered by Lifting Underground 2 · 0⤊ 0⤋
At 4% compounded you would have 10,407,415.43 at the end of a year or an average of 33,951.29 a month.
2007-06-04 13:44:14 · answer #5 · answered by canela 5 · 0⤊ 0⤋
If the interest rate was 5%?
Ten million times 5% = $500,000/yr or $41,666.67/mth
If you were taxed at 25%, you'd get $31,250/mth
2007-06-04 13:47:33 · answer #6 · answered by Blicka 4 · 0⤊ 1⤋
It depends on the rate of interest you are being paid. See bankrate.com for interest rates.
2007-06-04 13:41:34 · answer #7 · answered by Anonymous · 0⤊ 0⤋
You can reasonably expect to get 12% per year for some aggressive investments with some risk. That's 1% per month, so that's $100,000 per month.
For lower risk (i.e. very safe) investments, 1/2 of that: $50,000 per month.
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2007-06-04 13:42:29 · answer #8 · answered by tlbs101 7 · 0⤊ 2⤋
Depends on what your AER was.
2007-06-04 13:39:46 · answer #9 · answered by totok8 3 · 0⤊ 0⤋