2023-06-17 13:09:12
After the inflation data for May, which was 7.8%, the Banco Central (BCRA) decided to maintain the interest rate for Fixed deadlines retailers up to $30 million in 97% nominal. 30-day placements are an option chosen by many savers in Argentina.
Also read: Fixed term: how much can you earn by depositing $350,000 in 30 days
If a person invests $400,000 at 30 daysHow much “extra” money can you earn from interest?
How much money can be earned with a fixed term of $400,000 in 30 days
The nominal annual rate (TNA) stayed in 97%. When making a fixed termthe most convenient is choose only 30 days duration and make a renewal of the investment month after month.
Also read: Fixed term: how much can you earn by depositing $500,000 in 30 days
Thus, 30-day placements will yield as follows:
- And one is realized fixed term $400,000 for 30 daysyou will get a total of $431.890,41 whose interest won is 31,890.41 pesos.
- If at the end of that period, you opt for a new fixed term for 30 days with the $431.890,41 previously obtained, at the end of the term you will receive $466.323,95.
- On the other hand, if the placement of $400.000 comes true for 60 dayswithout reinvesting it, at the end of the period the saver would obtain with interest $465.906,85.
For traditional fixed terms, the money must remain deposited until the end of the term for which it was established (Photo: Adobe Stock)
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