Monday, June 18, 2012

1 percent

Given $100,000, is it possible to earn 1% ($1000) a month? 

After a bit of research, it seems like the answer is No.  The going rate for a CD is about 1% APY.  This means, after a year, I'd get about a 1000 dollars.  So, using a CD will earn roughly 12 times less than the goal ...





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