Question
If i had a monthly budget of $749 Let us assume that you will take half of your monthly savings and invest it at 6%
If i had a monthly budget of $749 Let us assume that you will take half of your monthly savings and invest it at 6% interest for the next 10 years to use as the down payment on a house. How much money will you have saved?
I have a savings of $378.50 each month that will go into a retirement account also at 6% for the next 40 years. How much would you have saved for retirement at that point?
Consider spending your retirement savings like paying back a loan to yourself (use your amortization formula) How much money can you spend per month if you expect your retirement savings to last you 20 years?
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