Mutual Fund: How To Calculate Interest - Investment - Nairaland
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| Mutual Fund: How To Calculate Interest by Pinkybush: 1:33pm On Jun 04, 2023 |
Hi Nairaland investor gurus, I've been searching for a good online business to invest in, but couldn't find any. I've now decided to invest in mutual fund with the little money I have. Please, if everything goes normal and a fund manager pays 10% annual returns, and is being paid quarterly, how much interest would be at N50,000 investment? |
| Re: Mutual Fund: How To Calculate Interest by skywolf28(m): 3:38pm On Jun 05, 2023 |
If you are are being paid quarterly, you'd be making 1,250 per quarter (50,000 x10%/4)=1,250 There are four (4) quarters in a year so at the end of the year you would have 1,250 x 4=5,000 |
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