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You are certainly able to live off the interest of 3 million dollars per year if you don't have an extravant lifestyle. If you place 3 million into a savings account paying One percent (savings accounts are paying pretty poorly now adays but you could find some savings accounts paying at least that with that sum. $3,000,000 x 0.01 is equal to $30,000 . That is enough money for food, rent, utilities, auto insurance and all veritable needs. I'm a poor (financially impoverished, I have middle class values) person so $30,000 represents three time my usual annual income. I'm also single, no financial family obligations, and no vet bills since I have no close friends that bark, meow, fly, slither, spin a rotary cage, or let you put a saddle on to ride. $30,000 per year might not be enough only if you are a head of household with numerous dependents or you have a lifestyle that involves new brand name clothes, shoes, newer cars, cell phones where you go over your minutes, or cable TV services with hundreds of channels costing more than $50 per month, or a large extended family that you feel compelled to present birthday and holiday gifts to. It may also be difficult in a large city in California or New York where expenses are incredible, for example rent or house payments in excess of $1300 per month , parking fees of $19+ per day{might be much more, I saw that in 1989} if you must go downtown (although New Yorkers tell me public transportation is excellent there)
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Can a million dollars double in a year on interest?
You can,t a million dollars interest from a million dollars but you can get half a million dollars
What is the least amount of interest that could be earned per year on one million dollars?
The least amount would be $0 at a 0.0% rate of interest - which does exist.
What is the cost per one thousand dollars at 4.25 percent on a 30 year fixed mortgage?
The answer will depend on how frequently the interest is calculated. Assuming the interest is calculated annually, the cost is 59.59 dollars per year. Over the 30 year period, that is equal to 1787.70 dollars per 1000 dollars.
What is 3 million dollars divided by 25 years?
0.12
1000 dollars in a savings account pays 7 percent interest per year The interest earned after the first year is added to the account How much interest is earned on the new principal the following year?
$74.90
Can a million dollars double in a year on interest?
You can,t a million dollars interest from a million dollars but you can get half a million dollars
Interest of 20 million dollars a year?
Interest on $20 millions depends on the percentage. If the interest rate is 5 percent, the return for the year $1 million.
How Much is 16000000000000.00 Dollars?
$16 million, million dollars. The question is how much is the annual interest payment on that every year?
How much interest would you earn per year on one million dollars with a 4 percent interest rate?
5 million
How much interest does 3 billion dollars make a year?
At current interest rates 3 billion dollars would earn about 30 million dollars a year before taxes.
How can a 15 year old make 2000 dollars in a day?
Have 36.5 million dollars and invest it at 2% interest.
What is the percent to invest 1 million dollars to gain seventy thousand dollars in interest per year?
Seven percent.
How much does 1 billion dollars receive on 2 interest rate Quarterly?
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)
How much interest would a bank pay on a million dollars a year?
you will get $0.10 a seconds if you have 1 Billion dollars in the bank which is $360 a hour $8,640 a day and 3,153,300 a year
What is the average yearly income of a news broadcaster?
2.8 million dollars a year 2.8 million dollars a year 2.8 million dollars a year
What is the least amount of interest that could be earned per year on one million dollars?
The least amount would be $0 at a 0.0% rate of interest - which does exist.
How much interest does a million dollars earn in a month?
Assuming an interest rate of x% (per year), you will earn 1,000,000 times x/100 / 12
