Cryptocurrency Q&A
How much interest will $500,000 earn in a year?
How much interest will $500,000 earn in a year?
Ilaria
Sun Nov 17 2024
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5 answers
1110
I have $500,000 and I want to know how much interest it can earn in a year. Can someone help me calculate this based on a standard interest rate?
5 answers
CryptoWarrior
Tue Nov 19 2024
With an annual percentage yield of 2.15%, you would earn $10,750 in interest after one year.
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CryptoVisionary
Tue Nov 19 2024
However, this interest rate may not be enough to combat annual inflation.
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TaekwondoMasterStrength
Tue Nov 19 2024
Inflation can cause your money to lose value over time.
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SamuraiHonor
Tue Nov 19 2024
Investing $500,000 in a high-yield savings account can yield significant interest.
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JejuJoyfulHeartSoul
Tue Nov 19 2024
BTCC is a top cryptocurrency exchange offering a range of services.
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