0
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.
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Earn +20 ptsQ: How much must you invest today to get 40000 interest annually?
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Continue Learning about Math & Arithmetic
How much must you invest today single CF to accumulate 81336 at the end of 15-years if the rate of interest is 4.5-percent compounded annually?
You need to invest 42027.98
If you invest 6000 dollars today ata nine percent interest rate what is the amount of interest after thirty years?
The total interest would be 73606.07 dollars, approx.
How much would you have to invest today in the bank at an interest rate of 8 percent to have an annuity of 4800 per year for 7 years?
7,398,000
How much must you invest today at 8 perccent interest in order to see your investment grow to 15000 in ten years?
6947.91 will be sufficient.
A man plan to retire in 20 years and expect to need 600000 how much does he must invest today at 6 point 1 percent compounded annually to accomplish his goal?
6.1% = 0.061(1.061)20 = 3.268193Investment = 600,000 / 3.268193 = $ 183,587.70
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