As most savvy investors will tell you, it is important to put your money to work in order to grow your wealth. In this report, we will show you how you can achieve this goal through investing in Commercial Papers (CPs).

If you have ever bought an item from a discount shop, then you have a basic understanding of how you can invest in a commercial paper to grow your wealth. Investing in a CP may be likened to buying items from a discount shop or buying items that are on sale in a supermarket. Usually, a discount shop gives you an opportunity to pay a price that is lower than the price tag on the item. For instance, if the pricetag on a perfume is N20 but the shop places a 10% discount (i.e. N2) on the perfume, it means that you will pay N18 (i.e.N20 less N2) for it. The only difference between this simple calculation and a case of CP investment is that you must take into account the number of days the investment will run, so as to determine the actual discount you will receive on the investment. So when you invest in a CP, you pay an amount that is lower than the amount you will receive on the day the investment is ripe for harvest (matures).

CPs are notes of promise that large companies use to borrow money from people or companies. The company issuing the CP usually borrows the money for a short period of time, always less than one year. CPs are issued in tenors ranging between a minimum of 15 days and a maximum of 270 days.

Source:

https://www.financialdigest.com.ng/blog/2019/02/20/grow-your-money-by-investing-in-commercial-papers/