Question: Daniel is able to save $150,000 each year. Assuming that he is able to get 30% returns each year on his investments, what is the
Daniel is able to save $150,000 each year. Assuming that he is able to get 30% returns each year on his investments, what is the minimum number of years it takes for Daniel to become a millionaire?
Step by Step Solution
3.32 Rating (152 Votes )
There are 3 Steps involved in it
To become a millionaire Daniel needs to accumulate 1000000 in savings Given that he saves 150000 eac... View full answer
Get step-by-step solutions from verified subject matter experts
