How much would 1000000.00 be worth at 5 percent interest after 28 days?

Answer 1

5% interest means 5% for 1 year.

1 year = 365 days

28 days = (28 / 365) year

On $1,000,000, that amounts to (1,000,000 x 0.05 x 28/365) = $3,835.62 So when you go back to drain your account in 28 days, your $million is worth $1,003,835.62