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So, to answer the question, how much interest do you earn on One Million Dollars (assuming a 4 interest rate, compounded monthly)? One Day 109.59 One Month 3,333.33 One Year 40,741.54. Five Years 220,996.59 Ten Years 490,832.68 Twenty Years 1,222,582.09. So, it doesnt take long for the money to really add up. And there are a lot of ways to get a higher interest rate than 4. You can use a compound interest calculator to experiment with different interest rates, periods of time, and compounding periods.
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