If I invest 11 million on mutual funds how much money will I earn per year
If I invest 11 million on mutual funds how much money will I earn per year
Mutual Funds
Asked by ucheson · 1 month ago · 21 views
3 Answers
There are many types of Mutual Funds. Which one?
DanielTrade · 1 month ago
▲ 0
Like money market funds
ucheson · 1 month ago
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Money Market Mutual Fund currently returns an average rate of between 15-17% now depending on the platform with daily compounding that rate can jump by adittional 1% so for a 15% annual rate you should have about 16.15% return at the end of the year about 1,779,000
Note: Money market mutual fund is not constatnt the rates do change depending on other economic factors
DanielTrade · 1 month ago
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