That's going to depend on all of the following:
-- what interest rate you can find
-- how often the interest on the investment is compounded
-- how you take your 40,000 annually ... how much and how often during the year.
You haven't included any of that information in the question, so no answer is possible.
You need to invest 42027.98
The total interest would be 73606.07 dollars, approx.
6947.91 will be sufficient.
7,398,000
6.1% = 0.061(1.061)20 = 3.268193Investment = 600,000 / 3.268193 = $ 183,587.70
You need to invest 42027.98
The total interest would be 73606.07 dollars, approx.
1050*5/100
1 million pounds, go buy a bentley
6947.91 will be sufficient.
7,398,000
Still 40000 pounds but it would buy a lot less
40,000 Euros = $51,970.97
It depends on the rate of interest. Right now (early 2014), a fairly typical rate of interest on a 5 year CD would be around 2% APR. At that interest rate you'd need to invest almost $4000 in order to have $5000 in twelve years. If by "make $5000" you meant "have $5000 more than I had to start with" rather than "have $5000 total", you'd need to invest $18640 today for your interest over twelve years to amount to $5000.
$1000 compounded at 10% annually over 86 years would be almost $4,000,000.
£40000
400hundred dollars