Asked by devon
Say you have a million dollars that you can invest into a bank account for 10% interest each year. how much money will you have each year to live off of?
If you use more than amount,what happens to your original capital? What happens to your sustainability? Relate this to our use of natural capital(the earth).
If you use more than amount,what happens to your original capital? What happens to your sustainability? Relate this to our use of natural capital(the earth).
Answers
Answered by
Marth
1. I assume you can use the 10% interest you get. $1000000*.10 = $100,000
2. Then you gain a smaller amount of interest, which results in a lower amount of money you have to live off of in future years.
2. Then you gain a smaller amount of interest, which results in a lower amount of money you have to live off of in future years.
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