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

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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

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