You times 10 by 12, because there are 12 months in a year and ten years in a decade, and then you should get an answer of 120
There are many factors that should be considered when creating a savings goal. Three of these factors include a realistic amount of income that you will have coming in, your anticipated expenditures that you will have going out, and a list of financial goals that you wish to achieve at various points.
i am guessing that it should be 2 months and 2 days or a bit less or more
1000*(1.08)6 = 1586.87.
How many months is 3.25 years
Savings
Yes, your savings should have enough in it to sustain your through hard times. You can choose to put more money in it than six months if you want to, so that the money will last longer.
b...savings
Most money managers will tell you to have at least six months worth of living expenses in savings.
If the savings account gives you interest, your savings will grow a little.
In 9 months, you can expect the savings to be 9 times as much as in one month.
College savings plan
Keep 3 to 6 months of income in an emergency savings account which is only to be used in the case of an emergency. This is usually sufficient to cover a sudden loss of employment and/or other temporary situation that may arise.
12 months (you should seriously know that already.)
You should save enough so that eventually you have 8 months' salary in a savings account.
It is usually 9 months
5