QuestionMay 31, 2025

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) 360 720 3,600 7,200

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) 360 720 3,600 7,200
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)
 360
 720
 3,600
 7,200

Solution
3.7(239 votes)

Answer

\ 3,600 Explanation 1. Apply the 10% Rule Calculate 10% of projected earnings: 0.10 \times 36,000. 2. Perform Calculation 0.10 \times 36,000 = 3,600.

Explanation

1. Apply the 10% Rule<br /> Calculate 10% of projected earnings: $0.10 \times 36,000$.<br /><br />2. Perform Calculation<br /> $0.10 \times 36,000 = 3,600$.
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