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He make $113000 a year , how much that possible to save $50000 a years , he have $3.113 trillion dollars , is that possible or not ? true or false?how many he can save 17 years of his working?

 Feb 15, 2015

Best Answer 

 #1
avatar+118609 
+5

C=50000

n=17

FV=3.113*10^12

i unknown

 

$$3.113*10^{12} = 50000*(\frac{(1+i)^{17}-1}{i})$$

 

http://www.wolframalpha.com/input/?i=3.113*10^12+%3D+50000*%28%281%2Bx%29^17-1%29%2Fx

I think that this is possible if the interest rate is 200% per annum.  (correct to nearest percent)

 

check

$${\frac{{\mathtt{50\,000}}{\mathtt{\,\times\,}}\left({{\mathtt{3}}}^{{\mathtt{17}}}{\mathtt{\,-\,}}{\mathtt{1}}\right)}{{\mathtt{2}}}} = {\mathtt{3\,228\,504\,050\,000}}$$

 

there you go   

 Feb 16, 2015
 #1
avatar+118609 
+5
Best Answer

C=50000

n=17

FV=3.113*10^12

i unknown

 

$$3.113*10^{12} = 50000*(\frac{(1+i)^{17}-1}{i})$$

 

http://www.wolframalpha.com/input/?i=3.113*10^12+%3D+50000*%28%281%2Bx%29^17-1%29%2Fx

I think that this is possible if the interest rate is 200% per annum.  (correct to nearest percent)

 

check

$${\frac{{\mathtt{50\,000}}{\mathtt{\,\times\,}}\left({{\mathtt{3}}}^{{\mathtt{17}}}{\mathtt{\,-\,}}{\mathtt{1}}\right)}{{\mathtt{2}}}} = {\mathtt{3\,228\,504\,050\,000}}$$

 

there you go   

Melody Feb 16, 2015

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