Plow King
Little bit.
Jesus Christ estimates that by the time he quits work in in 20 years time, he will have accumulated savings of $2.2 million. If the interest rate is 8 % and Jesus will live for 15 years after his retirement because he is taking up extreme irnoning, what annual level of spending will Jesus's savings support under each of the following scenarios:
He wants to die in an extreme ironing accident and leave with $0..
And he wants to leave $500,000 to donate to the extreme ironing fund...
How the F*** do I figure it out?
Compounding annually then divided by the number of years before he gets ironed to death means his yearly expenditure goes up? :S
Please to be helping.
He wants to die in an extreme ironing accident and leave with $0..
And he wants to leave $500,000 to donate to the extreme ironing fund...
How the F*** do I figure it out?
Compounding annually then divided by the number of years before he gets ironed to death means his yearly expenditure goes up? :S
Please to be helping.