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Lotto. How much interest will i get with my winning ticket?

  • 18-09-2011 3:10pm
    #1
    tonyheaney
    Closed Accounts Posts: 1,686 ✭✭✭tonyheaney


    how much intrest would i get if i won €9,284,499 per week per month per year?

    and how much interest would 1 Million give you?


Comments

  • #2
    TheZohanS
    Closed Accounts Posts: 11,581 ✭✭✭✭TheZohanS


    About twofiddy.


  • #3
    Einhard
    Registered Users, Registered Users 2 Posts: 6,920 ✭✭✭Einhard


    An awful lot of interest I'd imagine. I for one would be all over you!


  • #4
    Ruu_Old
    Closed Accounts Posts: 36,634 ✭✭✭✭Ruu_Old


    Wallet inspector.


  • #5
    Bobjims
    Registered Users, Registered Users 2 Posts: 197 ✭✭Bobjims


    The media would be all over you as the luckiest man alive if you won €9,284,499 per week.


  • #6
    Skid
    Closed Accounts Posts: 9,873 ✭✭✭Skid


    More interest than I have in working it out.


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  • #7
    Sonics2k
    Registered Users, Registered Users 2 Posts: 8,034 ✭✭✭Sonics2k


    a/s/l?

    Actually, I don't care...







    Sup sexah!


  • #8
    Saila
    Closed Accounts Posts: 7,751 ✭✭✭Saila


    4% or so, inflation is about the same = 0 :(


  • #9
    mr.wiggle
    Registered Users, Registered Users 2 Posts: 842 ✭✭✭mr.wiggle


    tonyheaney wrote: »
    how much intrest would i get if i won €9,284,499 per week per month per year?

    and how much interest would 1 Million give you?

    Just calculated this on my interest calculator

    Came up with .....Zero Interest !!

    Go figure?:pac:


  • #10
    Sky King
    Registered Users, Registered Users 2 Posts: 4,431 ✭✭✭Sky King


    It would probably barely match inflation and it would be subject to DIRT.

    You should invest it. .... In PROPERTY!


  • #11
    Ficheall
    Registered Users, Registered Users 2 Posts: 9,036 ✭✭✭Ficheall


    About 7283 per week, assuming compounded weekly at 4%.

    785 euro if it was a million.


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  • #12
    zyxwvu
    Closed Accounts Posts: 96 ✭✭zyxwvu


    If you could manage to get 3% per annum with the interest compounded monthly, you would receive 282,396 euro in interest per year. However, because inflation is constantly diminishing the value of the lump sum, it's not the case that you can just spend 282,396 every year and not lose the value of your money. You could probably spend 50 grand of it without eating into the real value of your principal too much.


  • #13
    Marcel Future Manic
    Posts: 0 CMod ✭✭✭✭ Marcel Future Manic


    tonyheaney wrote: »
    how much intrest would i get if i won €9,284,499 per week per month per year?

    If you won over 9 million every single week I doubt you'd need to be worrying about interest


  • #14
    ulinbac
    Registered Users, Registered Users 2 Posts: 707 ✭✭✭ulinbac


    with that amount of money you probably wouldn't invest it in an ordinary account. You would probably use an asset manager and your interest would depend on your risk to return ratio. Basically you can earn more interest if you want to increase your risk. Some of that though would be in risk free accounts, gold etc.

    If you went to an ordinary bank you would be able negotiate a better rate because you would be depositing so much. That is what a load of big companies do with millions in their account as it would be a big blow to the bank if they withdrew their accounts.


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