How much intrest do you seize from a millon pounds Per week?
Answers:
Assuming you tight-fisted you start beside 1,000,000 pounds, later assuming a 5% interest rate (APR), you will return with 50,000 pounds per year, divided by 52 weeks equals slightly smaller amount than 1000 pounds per week (sorry, no calculator or gash daily to multiply the amount properly).
If you in fact draw from 1,000,000 pounds per week, that's 52,000,000 pounds per year. Assuming 5% interest rate (APR), you will receive 2.6 million pounds per year of interest, divided by 52 weeks equals 50,000 pounds per week interest.
Depends on the interest rate your ridge give. But it is comparatively a bit.
Give me a million pounds a week and I'll be severely interested
All sepends on how and where on earth you invest the money
Bank
Builing society
Property
Stocks and shares
Multiple reason portfolio
Off shore
etc etc
Oh, that's simple... lurk i'll purely take concluding month's sandbank statement*...
ok, on a shareholder story near 6.25% apr = 62,500 per year
= 5,208 per month
= 1302 a week
Depends where on earth you put it, if you put it surrounded by a box outside your house you'll bring more interest than you can cope near !!
Don't forget deduct 20% export tax.
You entail to find out make notes on interest to some extent than AER.
With p.a. AER unless you set out the money for a year you will take home smaller quantity profit.
I have a sneaking suspicion that it is misleading for the bank not to explain the difference between AER and GLOSS clearly.
Your interrogate can be interpreted in two ways. Better swot some elementary English until that time you write again, dude.