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Nairaland Forum / Nairaland / General / Investment / How Much Will 50 Million Naira Yield For A Period Of 5 Years ? (1239 Views)
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How Much Will 50 Million Naira Yield For A Period Of 5 Years ? by shegzhkn: 7:32pm On Aug 14, 2019 |
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 ? |
Re: How Much Will 50 Million Naira Yield For A Period Of 5 Years ? by healthserve(m): 7:37pm On Aug 14, 2019 |
Hire and pay a consultant from the 50 Million. Why desiring to make so much and not spill a little |
Re: How Much Will 50 Million Naira Yield For A Period Of 5 Years ? by jobark: 8:03pm On Aug 14, 2019 |
shegzhkn: 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. |
Re: How Much Will 50 Million Naira Yield For A Period Of 5 Years ? by shegzhkn: 8:10pm On Aug 14, 2019 |
healthserve: Lol. |
Re: How Much Will 50 Million Naira Yield For A Period Of 5 Years ? by shegzhkn: 8:11pm On Aug 14, 2019 |
jobark: sounds great , thanks boss. |
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