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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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βˆ™ 14y ago
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Q: How much must you invest today to get 40000 interest annually?
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