Here's some thinking behind the question:
If you set aside $5 each day for 10 years, you will have:
($5 x 365 x 8 non-leap years) + ($5 x 366 x 2 leap years)
Or you can make it simpler and say: ($5 x 365 x 10) + $10 [for the extra 2 days in the leap years]
Figuring out the total from there should not be difficult.
2.738 years
You would need 9687 dollars.
7x365x4=10,220.
100 x (1.05)4 = $121.55
It would be 7693.12, but only in the unlikely event that the bank rounded up!
if u saved 100 dollars for 21 year u would have 109,200
first get a high paid job that gets you enough money to support you and your family and be able to have 25,000 dollars a year saved in your acount every year for 40 years.
You would have approximately 200 thousand dollars or more.Assuming, the money is compounded every year, the amount at the end of 40 years would be $220,975.12/-
2.738 years
over $700,000
You would need 9687 dollars.
7x365x4=10,220.
100 x (1.05)4 = $121.55
You would spend 3,285 dollars.
If you would have gotten 10% interest, your money would have doubled every 7 years.
Usually whatever money he has saved and invested over the years.
1,200,000 dollars= # years