Armando plans to work 36 years at a job where he makes $56,000 per year. He wants to have a lifetime income over $2,000,000. Will his lifetime income meet his goal? Solve to find his lifetime income.(1 point)
Responses
Not enough information.
Not enough information.
Yes, his lifetime income will be $2,016,000.
Yes, his lifetime income will be $2,016,000.
No, his lifetime income will be less than $2,000,000.
No, his lifetime income will be less than $2,000,000.
Yes, his lifetime income will be $2,128,000.
Yes, his lifetime income will be $2,128,000.
To find Armando's lifetime income, you multiply his annual salary by the number of years he plans to work:
$56,000/year * 36 years = $2,016,000
Therefore, his lifetime income will be $2,016,000. So, the answer is:
Yes, his lifetime income will be $2,016,000.