Question: David Bach talks about the Latte Factor in his book The Automatic Millionaire. He is referring to saving $5 a day by abstaining from drinking

 David Bach talks about the "Latte Factor in his book The
Automatic Millionaire. He is referring to saving $5 a day by abstaining

David Bach talks about the "Latte Factor in his book The Automatic Millionaire. He is referring to saving $5 a day by abstaining from drinking a Starbuck's coffee. If you invested this money over 40 years at 10%, how much would you save? Assume you invest the money each year, Multiple Choice $1,825 $1210596 5807731 $73,000 You just won the $66 million Powerball jackpot. Your winnings will be paid as $3,300,000 per year for the next 20 years. If the appropriate interest rate is 6.6 percent, what is the value of your jackpot? Multiple Choice $35,154,900.42 $36,074,015.40 $38,454,900.42 $37.276.48258 $34,270,314.63

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