$1,000,000/(12($k - $(k/3))) = 1,000,000/(8k) =

Lo takes home 2/3 of the $k he is paid each month. In a year's time, he takes home $8k. After N years, he will have earned $(8N*k). We want that to be $1,000,000, so we solve for N

$1,000,000 = $(8Nk)

125,000/k = N (divide by $8k)

**125,000/k**Lo takes home 2/3 of the $k he is paid each month. In a year's time, he takes home $8k. After N years, he will have earned $(8N*k). We want that to be $1,000,000, so we solve for N

$1,000,000 = $(8Nk)

125,000/k = N (divide by $8k)