Go to www.dinkytown.net and find the Cool Million calculator. You want to be a millionaire. You can
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Go to www.dinkytown.net and find the “Cool Million” calculator. You want to be a millionaire. You can earn 11.5 percent per year. Using your current age, at what age will you become a millionaire if you have $25,000 to invest, assuming you make no other deposits (ignore inflation)?
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We know FV PV 1rn Here FV 1 million 1000000 PV 25000 and r 11...View the full answer
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Mahmudul Hassan
I obtained my BBA and MBA from the Finance Department of Jagannath University. I have a tremendous interest in financial modeling as well as qualitative analysis and valuation. I have 5 years of experience in school-level and college-level teaching.
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Related Book For
Essentials Of Corporate Finance
ISBN: 9780073382463
7th Edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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