How Long Will 1 Million Last?
Here’s a table format:
| Annual Expenditure ($) | Years $1,000,000 Will Last |
|---|---|
| 20,000 | |
| 30,000 | |
| 40,000 | |
| 50,000 | |
| 60,000 | |
| 70,000 | |
| 80,000 | |
| 90,000 | |
| 100,000 | |
| 150,000 | |
| 200,000 |
To fill in the table, we will use the formula:
Years=Total AmountAnnual Expenditure\text{Years} = \frac{\text{Total Amount}}{\text{Annual Expenditure}}Years=Annual ExpenditureTotal Amount
Let’s calculate these values.
Here is the table showing how long $1,000,000 will last under different annual expenditure scenarios:
| Annual Expenditure ($) | Years $1,000,000 Will Last |
|---|---|
| 20,000 | 50.00 |
| 30,000 | 33.33 |
| 40,000 | 25.00 |
| 50,000 | 20.00 |
| 60,000 | 16.67 |
| 70,000 | 14.29 |
| 80,000 | 12.50 |
| 90,000 | 11.11 |
| 100,000 | 10.00 |
| 150,000 | 6.67 |
| 200,000 | 5.00 |
This table provides a clear view of how long the money will last based on different spending levels.