You have received 500,000 as an unexpected heritage. Banks are aware of that, and they want to attract you as new customer/investor.

You have to explain some financial concepts to your couple and take also some decisions about what to do with that money. Please prepare

your responses and answer the following questions according to the following data given by the banks:

5- You are seriously thinking of investing the received amount in a financial product that will offer a 4% interest rate, and take those

interests generated once per year to go on holidays with your couple. Youll keep that money there indefinitely, and interests will also be

generated indefinitely. How much youll get as annual interests?