29th June 2020

wyzant
13

How do you add up money?

Adding money is very similar to adding whole numbers together, there is just one very important part that you need to keep in mind. When adding money, you need to add the cents together first, then add the dollars. When you report your answer, you will report both the dollars and the cents. Let's practice this a bit.

Also question is, how much money saved is enough?

Fast Answer: A general rule of thumb is to have one times your income saved by age 30, twice your income by 35, three times by 40, and so on. Aim to save 15% of your salary for retirement — or start with a percentage that's manageable for your budget and increase by 1% each year until you reach 15%

Also Know, how fast does money grow?

An investment that grows at 8% each year takes 9 years to double, while one that grows at 7% a year, doubles in 10.3 years. Just 1% more means… One-and-a-half year more of your money working for you, rather than you working for money!
Write Your Answer

Rate

80% people found this answer useful, click to cast your vote.

4 / 5 based on 3 votes.

Bookmark

Press Ctrl + D to add this site to your favorites!

Share