You save 5 euros every day for 40 years and earn 7% interest. How many euros do you have at the end?

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The answer

364,000 euros

364,000 euros. Four fifths of it is interest.

How to get there

1. 1,825 euros per year, 40 years, 7%
2. 1,825 × 199.6 = 364,000

Source: Calculation

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