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Assuming an interest rate of x% (per year), you will earn 1,000,000 times x/100 / 12
Seven percent.
If the interest rate is 5%, multiply 8,000,000 by 0.05. You would get $400,000 in interest.
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.
5000000 million dollars