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Irina Shatskaya

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Economist Irina Shatskaya explained how long it takes to save up a million rubles

Doctor of Economic Sciences Irina Shatskaya explained how the speed of accumulating a million depends on monthly contributions: with an income of 100,000 rubles and a 10% annual rate, setting aside 10,000 a month, a million will appear in about six years; with 20,000 — in three years and four months. She also recommended instruments for a short savings horizon.

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