2d
Monthly expenditure: $200
Number of months in 40 years: 40 × 12 = 480 months
Total expenditure over 40 years: $200 × 480 = $96,000
Without considering inflation, investment returns, or other financial factors, $233,333 is more than sufficient to cover $96,000 of expenses over 40 years. You'll have plenty left over.
Number of months in 40 years: 40 × 12 = 480 months
Total expenditure over 40 years: $200 × 480 = $96,000
Without considering inflation, investment returns, or other financial factors, $233,333 is more than sufficient to cover $96,000 of expenses over 40 years. You'll have plenty left over.
