Instead, if you make quarterly payments of $800, how much will you have saved in 10 years?

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22-07-2022
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Instead, if you make quarterly payments of $800, how much will you have saved in 10 years?

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smecloudbird18 smecloudbird18 · Answer 1 · 2022-07-30T18:26:23+02:00

$32,000 will be the savings amount after 10 years. Savings are the funds that remain after subtracting a person's consumer spending from their disposable income during a specific time period. Savings, then, is what's left over after all bills and commitments have been fulfilled for an individual or household.

Cash or cash equivalents (such as bank deposits) are used to store savings since they carry no danger of loss but also offer very low returns. Savings can increase through investing, but doing so involves putting money at risk. One is considered to be living paycheck to paycheck if they are unable to keep savings.

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