0
What is an example of an investment account where the interest earned is tax-exempt?
There are several options that offer tax-exemptions on the federal level but not always on the state or local level. One example of an option that allows interest to be tax-exempt are municipal bonds. Tax laws vary by state so the tax-exemption may be void for a resident purchasing a bond in another state.
What else can I help you with?
How much interest dose 700000.00 earn a month?
The interest earned on $700,000.00 in a month depends on the interest rate and the type of account or investment. For example, at a 2% annual interest rate, the monthly interest would be approximately $1,166.67. However, if the rate is higher or lower, the amount will vary accordingly. Always check the specific interest rate for the investment or account in question to calculate accurately.
How much interest would i earn on 50 million?
The interest you would earn on $50 million depends on the interest rate and the type of account or investment. For example, at a 1% annual interest rate, you would earn $500,000 in a year. If the rate were 5%, you would earn $2.5 million annually. Always consider factors like compounding frequency and investment duration for a more accurate estimate.
How much interest would you get with 85 million pounds?
The interest you would earn on £85 million depends on the interest rate and the type of account or investment. For example, if you deposited it in a savings account with a 1% annual interest rate, you would earn £850,000 in interest over a year. If you invested it in a bond yielding 3%, you could earn £2.55 million annually. Always consider the specific terms and conditions of any financial product.
How much interest can one earn on 500000?
The interest earned on $500,000 depends on the interest rate and the type of account or investment. For example, at a 2% annual interest rate, one could earn about $10,000 in a year. In contrast, a higher interest rate, such as 5%, would yield $25,000 annually. Additionally, the method of compounding (monthly, annually, etc.) can also affect the total interest earned.
How much interest does a 100 million dollars earn a month?
The amount of interest earned on $100 million in a month depends on the interest rate applied. For example, if the annual interest rate is 2%, the monthly interest would be approximately $166,667. Conversely, at a 5% annual rate, it would be about $416,667 per month. The specific interest earned will vary based on the rate and the type of account or investment.
How much interest dose 700000.00 earn a month?
The interest earned on $700,000.00 in a month depends on the interest rate and the type of account or investment. For example, at a 2% annual interest rate, the monthly interest would be approximately $1,166.67. However, if the rate is higher or lower, the amount will vary accordingly. Always check the specific interest rate for the investment or account in question to calculate accurately.
What is an example of interest-bearing account?
An Interest bearing account is a bank account in which, the banks pays you an interest for keeping your money deposited in that account. Ex: Savings Bank Account - You usually get around 3.5% rate of interest on the money you hold in your savings account in India.
How much interest would i earn on 50 million?
The interest you would earn on $50 million depends on the interest rate and the type of account or investment. For example, at a 1% annual interest rate, you would earn $500,000 in a year. If the rate were 5%, you would earn $2.5 million annually. Always consider factors like compounding frequency and investment duration for a more accurate estimate.
How much interest do you earn on 6 billion pounds?
The interest earned on £6 billion depends on the interest rate and the type of account or investment. For example, if you have a savings account with an interest rate of 1% per year, you would earn £60 million in interest annually. Alternatively, if invested in a higher-yield asset with a 5% return, you would earn £300 million per year. The specific interest earned can vary significantly based on these factors.
How much interest can you make on 800000?
The amount of interest you can earn on $800,000 depends on the interest rate, the type of investment, and the duration. For example, if you invest in a savings account with an annual interest rate of 1%, you would earn $8,000 in interest over one year. In contrast, investing in stocks or bonds could yield higher returns, but they also come with greater risk. Always consider your investment goals and risk tolerance when assessing potential earnings.
How much interest would you get with 85 million pounds?
The interest you would earn on £85 million depends on the interest rate and the type of account or investment. For example, if you deposited it in a savings account with a 1% annual interest rate, you would earn £850,000 in interest over a year. If you invested it in a bond yielding 3%, you could earn £2.55 million annually. Always consider the specific terms and conditions of any financial product.
How much interest can one earn on 500000?
The interest earned on $500,000 depends on the interest rate and the type of account or investment. For example, at a 2% annual interest rate, one could earn about $10,000 in a year. In contrast, a higher interest rate, such as 5%, would yield $25,000 annually. Additionally, the method of compounding (monthly, annually, etc.) can also affect the total interest earned.
What are some current account interest rates?
Depends on the countries, current account interest rates can be different. For example, one bank can have a 0.35% where other bank has a rate of 0.5%.
What are the example for Finance cost in profit and loss account or income statement?
Interest on Loan
Define accrue and due?
In financial or banking term, there is a subtle difference between interest accrued and interest due. for example, if you open a saving account, the interest start accruing as soon as you put any amount of money in the account. However, there may be rules for this account, saying for example, that you will get the interest only if you leave the money at least 3 months in the account. If you need urgently the money and withdraw it from your saving account before the 3 month period has passed, then you will not get any interest on this money. The interest has accrued on your account, but it is not due, because you withdrew the money to early. Example: 3-month Saving account, 12% interest per year (1% per month): - 1st of January: open account and deposit $1000 - 1st January to 28th of February: interest accrues on the $1000 - 1st of March: withdraw $500: half of the interest accrued is lost - 1st of April: withdraw all the money from the account: - the remaining $500 + the interest due for 3 months on $500 (because this amount stayed at least 3 months in the account) I hope this helps, Excel-Hocam
Example of unearned revenue?
Unearned revenue is income that you get without having to work for it. An example of this would be interest from stocks and bonds, dividend payments, or interest earned on a bank account.
What is the formula for finding the annual payment for an investment?
Principal x Rate x Time. For example: $180,000 (cost of investment) x 0.067 (6.7% interest) x 30 (years)
