I sold a commercial property I owned and after paying off the mortgage on my condo I expect to have about $500,000 left over. Is it possible to live off the interest from $500,000? I’m single and.
Future Value. Total Invested. Use this calculator to calculate the return of a savings bond or investment. It can be used to calculate any investment, such as a home, stock, baseball card, Roth IRA, 401k, ETF, mutual fund, etc. Assumes a fixed interest rate. Investment: Amount of investment. Interest Rate: Rate of return on the investment.
EDITED ANSWER, as I now have another options: OPTION 1: USD500k right now is close to Australian Dollars 750k. I own a 25 year lease on a villa in Bali that is currently worth AUD250k, so you could afford three of these. The villa rents out at A.
Good question. Based on simple interest of 3 percent annually. I would guess 500,000 at 3 percent interest annually will be get an estimated 15,000 per year in interest. Their are several.
The monthly interest on $500,000 will depend on the interest rate at the time the money was borrowed. Interest is usually charged as an annual rate and then broken down into monthly segments.
This MMA calculator will calculate the compound interest earnings on money market deposit accounts given the interest rate, length of time, initial deposit, and periodic deposit amount — plus display a year-to-year investment growth chart.
[Update: This post has been updated as of December, 2008, to reflect current interest rates.] Someone happened upon this site today by Googling "how much interest would i get if i put in $1000000 savings." Interesting question, and as soon as I saw it, I did the math. Here’s the thing, though.
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How Much Interest Will I Earn on $100,000? May 5, 2017 By Jennifer Clark 3 Comments We go through life hearing of the same financial advice: save money, create a passive income, and start investing.
Payment Number Beginning Balance Interest Payment Principal Payment Ending Balance Cumulative Interest Cumulative Payments; 1: $500,000.00: $1,718.75: $704.50
Best Answer: since fdic insurance only covers $100,000, you would have to distribute the money over 5 banks, so the interest would be about 5%. you could do a little better diversifying over bonds and CD’s and perferred stock so lets say 6%.
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