You have just inherited $550,000. You plan to save this money and continue to live off the

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You have just inherited $550,000. You plan to save this money and continue to live off the money that you are earning in your current job. If the $550,000 is everything that you have other than an old car and some beat-up furniture, and you can invest the money in a bond that pays 4.6 percent interest annually, how long will it be before you are a millionaire?


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Fundamentals of corporate finance

ISBN: 978-0470876442

2nd Edition

Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates

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