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-I make an initial deposit of $30,000 and then deposit $10,000 per month into a savings account quoting an interest rate (APR) of 1.8% compounded
-I make an initial deposit of $30,000 and then deposit $10,000 per month into a savings account quoting an interest rate (APR) of 1.8% compounded daily. My goal is to withdraw $1,000,000 in the future. - How many years should I keep depositing? Please leave your answer with one decimal point (e.g., 50.1 years)
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The Fiscal Impact Handbook
Authors: David Listokin
1st Edition
1138535672, 978-1138535671
