if you have a million dollars an had to spend it in 25 years how much money could you spend a day

Question

I know this is a tricky Question. But I'm very curious to know if someone had a million dollars an 25 years to spend it how much could you spend evryday before you run out? Also if someone had 1.5 million dollars same question different #

Answer 1

I know this is a tricky Question. But I'm very curious to know if someone had a million dollars an 25 years to spend it how much could you spend evryday before you run out? Also if someone had 1.5 million dollars same question different #

Assuming no interest earned and no taxes taken.

365 days in a year * 25 years = 9125 days to spend it

$1,000,000 / 9125 = $109.59 a day

$1,500,000 / 9125 = $164.38 a day