Is It Advisable To Fix Money In The Bank? Share Your Experience. - Business - Nairaland
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| Is It Advisable To Fix Money In The Bank? Share Your Experience. by FreshGreenLemon: 2:52pm On Oct 06, 2017 |
Guys, I need your comment/opinion about fixing money in the bank for few months. I plan to do this but I'm a bit scared.  . |
| Re: Is It Advisable To Fix Money In The Bank? Share Your Experience. by izaray(f): 3:00pm On Oct 06, 2017 |
There is nothing to be scared about dear. The only sad news about it all, is the poor profit u will generate from the cash....Its usually not encouraging at all, except with a big amount of money. |
| Re: Is It Advisable To Fix Money In The Bank? Share Your Experience. by FreshGreenLemon: 3:22pm On Oct 06, 2017 |
Thanks. You said big amount of money. Like? Although, I'm planning to visit few banks next week but just want to hear people's opinion. izaray: |
| Re: Is It Advisable To Fix Money In The Bank? Share Your Experience. by Fxmanager(m): 4:47pm On Oct 06, 2017 |
FreshGreenLemon: We are here for you. Your #1,000,000 can currently give you an average of #50,000+ monthly return investing with us after performance fees. And if you want an average monthly return of more than #500,000 after 48 months of your investment with us, you can do so using compound interest in your investment with us. This means after 4 years of your investment with us using compound interest, you will be getting a average monthly interest/income of more than #500,000 assuming you decide to start withdrawing your monthly interest. This will be possible as long as we stay under our working risk of 5-10% of your capital, and the maximum permissible risk of 30% to your capital. Note: we are doing everything possible to stay under 10% risk to our potential investor’s capital. At 5% average monthly returns using compound interest without withdrawing funds from your account, your #1,000,000 will grow to #10,401,269.7+ in 4 years time (48 months). How is it possible to turn #1,000,000 to #10,401,269.7+ in 4 years? It is possible through the power of compound interest as explained below. Compound interest is the concept of adding accumulated interest back to the principal sum, so that interest is earned on top of interest from that moment on. The act of declaring interest to be added to the principal is called compounding.(I.e you decide to add the earned interest to the initial principal in the investment going forward) Monthly compound interest formula We are using monthly here ,since we are talking of monthly returns. The formula for Monthly compound interest, including principal sum, is: A = P (1 + r/n) (nt) Where: A = the future value of the investment, including interest(returns) P = the principal investment amount (the initial deposit amount) r = the monthly interest rate(returns) in decimal. n = the number of times that interest is compounded per month (in this case once or one time) t = the number of months the money is invested Note that this formula gives you the future value of an investment, which is compound interest plus the principal. Should you wish to calculate the compound interest only, you need this: Total compounded interest = P (1 + r/n) (nt) - P Or simply Total compounded interest =A-P Let's look at an example Compound interest formula (including principal): A = P(1+r/n)(nt) If an amount of #1,000,000 is invested with us and we return a monthly interest rate (returns) of 5%, the value of the investment after 48months (I.e 4 years) can be calculated as follows... P = #10,401,269.7. r = 5/100 = 0.05 (decimal). n = 1 (since we are compounding it once a month. t = 48. If we plug those figures into the formula, we get: A = #1,000,000(1 + 0.05 / 1) ^ (1(48)) = #10,401,269.7 So, the investment balance after 48 months (4years) is #10,401,269.7 Methodology Step-by-step explained, how we get the #10,401,269.7. This all revolves around BODMAS and the order of operations. Let's go through it: A = #1,000,000(1 + 0.05 / 1) ^ (1(48)) Using the order of operations we work out the totals in the brackets first. Within the first set of brackets, you need to do the division first and then the addition (division and multiplication should be carried out before addition and subtraction). We can also work out the 1(48). This gives us... A = #1,000,000(1 + 0.05) ^ 48 Then: A = #1,000,000(1.05) ^ 48 The exponent goes next. So, we calculate (1.05) ^ 48. This means we end up with: #1,000,000× 10.401269646942109782178152880917 = #10,401,269.7 You may have seen some examples giving a formula of A = P ( 1+r ) ^ t . This simplified formula assumes that interest is compounded once per period, rather than multiple times per period. We have the best currency trading team here to assist you in building your #1,000,000 to over #10,401,269.7 in 4years (48 months) and beyond. You will be getting an average monthly interest/income of more than #500,000 assuming you decide to start withdrawing your monthly interest after the 48 months, helping you live the life you deserve even without a job. You can give us a trial. This is the best structured, secured and transparent savings/investment you will ever find in this forum. No lock up period on your savings/investments and you can withdraw or close your account anytime. Your withdrawals from our partner broker to your bank Mastercard/Visa debit card takes 2 to 4 days maximum. If you are using ecurrency payment system, it takes 5 mins to the ecurrency payment systems then you can then make instant withdrawals to your Nigerian Bank account using Nigerian trusted e-currency exchanges. You can also use Bank wire transfer. You might be interested in what we offer. We promise a target of average 5-10%+ monthly profit on your savings/investment. Funds in a secured licensed,audited and regulated financial firm. You can monitor your savings/investment anywhere you are in the world 24/7 using any internet enable device. You are free to test us with any amount you can comfortably risk before saving/investing fully with us. Statement of account sent to your email daily. working risk to savers/investors capital is 5-10% risk and maximum permissible risk to savers/investors capital is 30%. Visit the link below. https://www.nairaland.com/3901897/currency-trading-journal-target-avg Visit the posts below to learn how to avoid scam and fraud. 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