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Post by anenro on Dec 20, 2023 15:02:06 GMT 4
Help me here.
I am having a disagreement with my fellow employee about this.
What is the monthly profit on $1,000,000 if it pays 270% monthly rate interest?
Please share the math.
Thank you.
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Post by typhoon on Dec 21, 2023 5:31:57 GMT 4
Help me here. I am having a disagreement with my fellow employee about this. What is the monthly profit on $1,000,000 if it pays 270% monthly rate interest? Please share the math. Thank you.ChatGPT says 2.7M per month. |
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Post by anenro on Dec 21, 2023 22:16:43 GMT 4
Did you get the chance to check on how ChatGPT arrived at that amount?
Calculation....?
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Post by typhoon on Dec 22, 2023 5:10:42 GMT 4
This is the output of chatGPT.
If an investment pays a monthly interest rate of 270%, you can calculate the monthly profit using the formula:
Monthly Profit = [Interest Rate / 100] * Principal
For a $1,000,000 principal and a 270% monthly interest rate:
Monthly Profit = [270 / 100] * 1,000,000
Monthly Profit = 2.7 * 1,000,000
Monthly Profit = 2,700,000
So, the calculated monthly profit would be $2,700,000. However, it's important to note that such high-interest rates are unusual and often associated with high-risk investments. Be cautious and ensure you thoroughly understand the terms and risks involved before considering any investment opportunity that promises such returns. High returns are typically associated with high levels of risk, and there is a possibility of fraud or other financial risks in such cases. Always seek advice from financial professionals and do thorough research before making any investment decisions.
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Post by anenro on Dec 22, 2023 15:49:57 GMT 4
This is the output of chatGPT. If an investment pays a monthly interest rate of 270%, you can calculate the monthly profit using the formula: Monthly Profit = [Interest Rate / 100] * Principal For a $1,000,000 principal and a 270% monthly interest rate: Monthly Profit = [270 / 100] * 1,000,000 Monthly Profit = 2.7 * 1,000,000 Monthly Profit = 2,700,000 So, the calculated monthly profit would be $2,700,000. However, it's important to note that such high-interest rates are unusual and often associated with high-risk investments. Be cautious and ensure you thoroughly understand the terms and risks involved before considering any investment opportunity that promises such returns. High returns are typically associated with high levels of risk, and there is a possibility of fraud or other financial risks in such cases. Always seek advice from financial professionals and do thorough research before making any investment decisions. Thank you for your support. Happy Holidays. |
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