If your projected earnings in 10 years are $36,000 per year, what would you save in one year according to the 10% rule? (1 point) Responses $360 $360 $720 $720 $3,600 $3,600 $7,200

Answer 1

The 10% rule suggests that you should save 10% of your projected earnings. If your projected earnings in 10 years are $36,000 per year, then you would calculate your savings for one year as follows:

10% of $36,000 = 0.10 * $36,000 = $3,600.

So, according to the 10% rule, you would save $3,600 in one year.