What will I get a month if i put $50,000 in a time deposit with the rate 1.43.?

Question

How much will receive for that month?

Answer 1

You will get almoast nothing. Better invest in business at 15-20% per year.

Answer 2

$50,000 invested at 1.43% yields $715 per year in interest.  You would get about 1/12 of that in a month, or $59.58.

Answer 3

$59.58 a month is better.

A 12 month CD is 3.54% @

http://www.gmacbank.com/

(FDIC Insured)