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
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/-
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.
2.738 years
over $700,000
You would need 9687 dollars.
7x365x4=10,220.
100 x (1.05)4 = $121.55
If you would have gotten 10% interest, your money would have doubled every 7 years.
You would spend 3,285 dollars.
Usually whatever money he has saved and invested over the years.
1,200,000 dollars= # years