Hello all,
Trying to understand the treasury bills thing.
I want to invest 2m for 90days.
At 14% IPA, how much will I earn after the 90 days duration?

Thanks for your help.

Edited.
Hello Harwehroh1, I've been sending you PMs for a while now and you've refused to even reply. Why?

GreatManBee:
Hello all,
Trying to understand the treasury bills thing.
I want to invest 2m for 90days.
At 14% IPA, how much will I earn after the 90 days duration?

Thanks for your help.

14%p.a. x 2,000,000 = 2,000,000 x 0.14 = N280,000 p.a.
For 90 days = 0.25 of the year.
...280,000 x 0.25 = N70,000 interest in 90 days

TheSixthSense:

14%p.a. x 2,000,000 = 2,000,000 x 0.14 = N280,000 p.a.
For 90 days = 0.25 of the year.
...280,000 x 0.25 = N70,000 interest in 90 days

Waoh. That's quite small. So why his hype of T bills if the returns are these meagre?
Also, any other investment opportunities with better returns?

I think because it's relatively short-term and your capital isn't fixed for long and I'm sure it doesn't have the penalties and flexibility like fixed deposits.
Other investments? MMM at least 360% p.a extremely high risk. Otherwise, you're better off trading yourself or investing in a real business.
Or I could link you with 25-40%ca monthly cryptocurrency investment that I do. Also high risk but it pays and there's confidence.10%ca automatic payment weekly.

GreatManBee:


Waoh. That's quite small. So why his hype of T bills if the returns are these meagre?
Also, any other investment opportunities with better returns?