Um, I hate to be the bearer of bad news but the math is wrong. For percents, take the number (3 from the 3%) and move the decimal two places to the left (3% = 0.03) so that --> 10,000,000 x 0.03 = 300,000. To make $3M at 3%, the investment needs to be $100M.
Um, I hate to be the bearer of bad news but the math is wrong. For percents, take the number (3 from the 3%) and move the decimal two places to the left (3% = 0.03) so that --> 10,000,000 x 0.03 = 300,000. To make $3M at 3%, the investment needs to be $100M.
You're right. It's enough for me to live on for a decade
Of course. $300K per year is still an obscene amount of money for most of us.