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You have $40,000 in an ETF [Exchange Traded Fund] earning 7.3% annual dividends; you will reinvest each dividend back into the ETF. You will need
You have $40,000 in an ETF [Exchange Traded Fund] earning 7.3% annual dividends; you will reinvest each dividend back into the ETF. You will need $65,000 to fund a new business. About how long until you can fund the business?
n = 5 years | ||
n = 6 years | ||
n = 8 years | ||
n = 7 years |
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