The interest rate on a CD can be different in each bank, and they change all the time.
Generally, the interest rate is stated at the time you buy the CD, and it doesn't change
on that one once you've bought it ... the rate won't be different "after 1 year".
Assuming an interest rate of x% (per year), you will earn 1,000,000 times x/100 / 12
If the interest rate is 5%, multiply 8,000,000 by 0.05. You would get $400,000 in interest.
That depends on the rate of interest to be applied.
Depends on the interest rate.
It depends on the interest rate that you can get. If you can get 3% return: $30,000 'income' without touching the million principal. 5% return would earn $50,000 per year.
Interest on $20 millions depends on the percentage. If the interest rate is 5 percent, the return for the year $1 million.
5 million
You can,t a million dollars interest from a million dollars but you can get half a million dollars
The least amount would be $0 at a 0.0% rate of interest - which does exist.
Assuming an interest rate of x% (per year), you will earn 1,000,000 times x/100 / 12
5 million dollars How to arrive at this answer: $1,000,000,000 (1 Billion) x .02 (2 percent interest) = $20,000,000 (20 million) per year $20,000,000 per year / 4 (Quarterly) = $5,000,000 (5 million)
If the interest rate is 5%, multiply 8,000,000 by 0.05. You would get $400,000 in interest.
It depends on the current interest rate - you'll need to check with your bank to find that out before you can do the math and multiply it out.
That depends on the rate of interest to be applied.
Depends on the interest rate.
$16 million, million dollars. The question is how much is the annual interest payment on that every year?
6 dollars.