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824 days ago
You will be receiving the same amount whether it is per month or per year. For example: You are receiving $1000 per month. Multiply $1000 by 8% and you will get $80 per month. Multiply $80 by 12, the result is $960 per year. Now multiply $1000 by 12 and your yearly earnings is $12,000. Multiply $12000 by 8% and the result will also be $960. Monthly: $,1000 x 8% = $80 Yearly: $1000 x 12 = $12,000 $80 x 12 = $960 $12,000 x 8% = $960 I hope I made this clear.