2007-09-04 02:51:37 · 7 answers · asked by angie 2 in Business & Finance ➔ Other - Business & Finance
Do you have a boyfriend? lol
2007-09-04 02:55:57 · answer #1 · answered by harryb 5 · 1⤊ 1⤋
It depends on where you place the money, in an ordinary u would savings account yielding 4% you would take the .04 divide it by 12 months and multiple the principle each month which would change as you make interest each month. .0033333x 2,000,000=6,666.60 the first month at 4%. You can put it in a CD at a higher rate of return.
2007-09-04 03:09:10 · answer #2 · answered by King Midas 6 · 0⤊ 0⤋
Depends on the interest rate. Do figure out the approximate interest, write the interest rate as a decimal (ex: 5% = .05), divide by 12, and then multiply by the amount in the bank.
So if you were making 4.5%, you'd to (.045/12)*2000000= $7500 per month
2007-09-04 03:02:40 · answer #3 · answered by cincykt 2 · 0⤊ 0⤋
Jumbo CD's will pay around 5.25% today, that will vary as the interest rate goes up or down. You also can invest in tax free municipal bonds at about 5% in many areas which will be free of state and sometimes federal tax.
Your investment at 5.25% well give you around $8,750 per month before tax.
2007-09-04 03:05:41 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Should be able to pull at the very least $100,000 a year or $8333.33 per month. This would be at an annual rate of 5%.
2007-09-04 02:57:37 · answer #5 · answered by tscgmc 2 · 0⤊ 0⤋
8,000 dollars at an annual rate of 4.8%, for example
2007-09-04 02:58:19 · answer #6 · answered by Sciman 6 · 1⤊ 0⤋
Some...
2013-12-19 17:00:19 · answer #7 · answered by GR8ADVICE 5 · 0⤊ 0⤋