lisaboden1244 lisaboden1244

24-08-2017
Mathematics

contestada

If i have 200k at age 43...how much do i need to save a month to be a millionare in 20 years

Respuesta :

apologiabiology apologiabiology

24-08-2017

1 milllion=1000k

so find how much more you need

1000k-200k=800k

in 20 years you need to save 800k

800k/20yr=40k/yr
12 months per year

40k/12mo=10k/3mo≈3.3333k per month

need to save about 3.33333k per month

Answer Link

Otras preguntas

Amanda used the expression 8 + 25 x 2 - 45 to find how many beads she has. How many beads does she have?

What two cities did Philip defeat which made him undisputed leader of Greece

An example of an archetype found in a midsummer night dream

Dave has $15 to spend on an eight dollar book and two birthday cards CD for his friends how much can you spend on each card if you boys the same card for each f

from a phone survey, a researcher determined that the true estimate for the proportion of voter who will elect the mayor is likely to be in the interval (0.39,

Why was mass production the more important reason the 1920s economic boom was sustained?

Help with Physics Homework: The total mass of the hydrogen gas in the Hindenburg zeppelin was 18,000 kg. What volume did the hydrogen occupy? (Assume that the

Which of the following was NOT an effect of the Romanus Pontifex? A.) Included in the papal decree Romanus Pontifex was the opening up of southern Africa. B.) T

What particle make up an Atom?? Can you help me?

Amanda used the expression 8 + 25 x 2 - 45 to find how many beads she has. How many beads does she have?