Question

If I buy a monkey worth 2 million dollars and pay 5 cents every month. How long will it be before I am paid off.

Answer 1

The number of nickels in $2,000,000 is
(20 nickels/$)($2,000,000) = 40,000,000 nickels. At the rate of a nickel per month, it would take you forty million months, or 3,333,333 years 4 months. If a lifetime is 75 years, then it would take you 44,444 lifetimes 33 years and 4 months. to pay off the two mil.