Hello house , to those who have solid idea on how investment work i have a question - How much will 50 million naira yield at the end of 5 years in a fixed deposit account ?

Hire and pay a consultant from the 50 Million. Why desiring to make so much and not spill a little

shegzhkn:
Hello house , to those who have solid idea on how investment work i have a question - How much will 50 million naira yield at the end of 5 years in a fixed deposit account ?

If all things been equal and you intend to compound the 50 million. You are likely to be advised to invest in T.bills rather than Fixed deposit.

Locking down fantastic rates every January for the next 5 years (13% yearly on average for T.bills or 8% for fixed deposit) without touching your capital or interest will amount to approximately

92 million for T.Bills and for Fixed Deposit 73 million.

Sounds like a joke but thats the power of Compound Interest.

healthserve:
Hire and pay a consultant from the 50 Million. Why desiring to make so much and not spill a little

Lol.

jobark:


If all things been equal and you intend to compound the 50 million. You are likely to be advised to invest in T.bills rather than Fixed deposit.

Locking down fantastic rates every January for the next 5 years (13% yearly on average for T.bills or 8% for fixed deposit) without touching your capital or interest will amount to approximately

92 million for T.Bills and for Fixed Deposit 73 million.

Sounds like a joke but thats the power of Compound Interest.

sounds great , thanks boss.