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How much money did richie inherit from rick

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Question 1: Richie Rich inherited a large sum of money from his uncle Rick Rich. Richie's money manager, Ronnie Ronaldo, says that Richie can safely spend 4% of his inheritance per year to live off of, which equates to $250,000 a year, while Ronnie Ronaldo manages the rest (meaning that Richie Rich can spend $250k a year, and still maintain the dollar amount of money he inherited from his uncle). How much money did Richie inherit from Rick?

Reference no: EM132652353

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