Ladies, why do you not make your descendants millionaires this easy way?

Question

It is very easy, perfectly honest and success is guaranteed:
Just Invest $1 in a bank a/c. at, say, 5% pa interest rate and 20%pa income tax. It will become over $1million in 353 years.

OK, you will not benefit your selves, but you will not miss $1 and one of your distant offspring will think of you with love.
(I am not addressing this question to fellows, because they would not care).

Answer 1

thats awesome
Thanks

Answer 2

And in 353 years a million bucks will be enough to buy a t-shirt. You'd also have to find a bank that wouldn't charge you a maintenance fee in an account with only $1 in it. Putting $1 in a bank account and waiting will only make you owe the bank money for that account.

Answer 3

You have way too much play time on your hands. What would inflation do to that $1. Probably put yu in the hole by 300%. What bank would allow you to invest a $1 with a new account. You can't even get that on a five yr CD. Your relatives, if you had the foresight to be able to name them legally in any document would probably say "WHO WAS THAT CUUCK?"

Answer 4

$1 million won't be worth anything at that time.

The banks will close. The country may disappear. Humans might not even be around anymore.

If they are, hopefully they'll be more enlightened than us, and live in a virtual Garden of Eden.

Answer 5

One should live for oneself and try not to depend on handouts. Let the younger generations work hard for their monies. Besides, no one live to 353 years to see the results.

Answer 6

I know a company currently offering 38.90% annually without risk.

At that rate you will get $1,000,000.00 USD in just 43 years.

Also, if you save $1.00 USD every three months it will only take 35 years.

Answer 7

Why don't you get a life???????????