this post was submitted on 25 Oct 2024
974 points (98.7% liked)

196

16384 readers
2698 users here now

Be sure to follow the rule before you head out.

Rule: You must post before you leave.

^other^ ^rules^

founded 1 year ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[–] bountygiver@lemmy.ml 4 points 1 day ago* (last edited 1 day ago)

you just need to have unlimited time, at 3% annual interest, it takes 77.89 years to 10x your money. it just happens that 532 years is 6.8 times 77.89 years, therefore you would just put a 1 million multiplier on your money anyways. And putting 1 million multiplier on 1 million dollars is enough to become a trillionaire anyways

At 3% interest, you double your money every 23.4 years, how many 23.4 years do you have?