I don't know enough to figure out the amount of interest paid against an amount invested to get a monthly return. I'm sure there's some sort of calculator somewhere that does this.
What I'm looking for is to find out how much money needs to be invested at the most common current rate (seems to be a bit over 5% right now) to earn $1000 a month. I'm sure it's an astronomical figure, but I'm curious.
Thanks in advance,
CJ
