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Started By
Message
Marh help
Posted on 4/28/23 at 8:00 pm
Posted on 4/28/23 at 8:00 pm
Having a brain fart. What would be the return on investment of $275,000 at 5.8% for 90 days?
3
Posted on 4/28/23 at 8:05 pm to Julz5198
5.8% APY?
5.8% x 90/365
If 5.8% for 90 days?
5.8% x 365/90
I think anyway
5.8% x 90/365
If 5.8% for 90 days?
5.8% x 365/90
I think anyway
Posted on 4/28/23 at 8:43 pm to Julz5198
I guess this depends on the compounding timeline, and if you mean calendar days or something more like trading or work days.
If it's just 5.8% return in 90 days, then that's $275,000*.058=$15,950.
If it's a 5.8% annualized rate, then you have to do some more conversions by essentially converting the annualized rate into the daily rate, compounding for 90 days.
That would be $275,000*((1.058^(90/365))-1)=$275,000*(0.01399)=$3,849.75.
Now you can get even more complicated and have 5.8% rate compounding daily (which is different than converting an annualized to daily rate), so you have to divide by 365 then compound it (so essentially the arithmetic daily mean vs. the geometric daily mean used earlier).
That would be $275,000*(((1+(.058/365))^(90/365))-1)=$275,000*(0.0144)=$3,960.82.
If it's just 5.8% return in 90 days, then that's $275,000*.058=$15,950.
If it's a 5.8% annualized rate, then you have to do some more conversions by essentially converting the annualized rate into the daily rate, compounding for 90 days.
That would be $275,000*((1.058^(90/365))-1)=$275,000*(0.01399)=$3,849.75.
Now you can get even more complicated and have 5.8% rate compounding daily (which is different than converting an annualized to daily rate), so you have to divide by 365 then compound it (so essentially the arithmetic daily mean vs. the geometric daily mean used earlier).
That would be $275,000*(((1+(.058/365))^(90/365))-1)=$275,000*(0.0144)=$3,960.82.
This post was edited on 4/28/23 at 8:53 pm
Posted on 4/28/23 at 9:26 pm to Julz5198
Considering you’re quoting it at 90 days I’m going to assume you’re talking about some kind of product which would mean 5.8% annualized. You’re going to make around $3,900.
This post was edited on 4/28/23 at 9:26 pm
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