You Would Like to Have Enough Money Saved to Receive

question 11

Multiple Choice

You would like to have enough money saved to receive a $50,000 per year perpetuity after retirement. How much would you need to have saved in your retirement fund to achieve this goal? (Assume that the perpetuity payments start on the day of your retirement. The annual interest rate is 8 percent.)

• A)$1,000,000
• B)$675,000
• C)$625,000
• D)$500,000

---

Definitions:

Ethnic Group

Groups of individuals united by distinct cultural, linguistic, or historical traits.

Personality Traits

Enduring characteristics that describe an individual's behavior, attitude, and emotional patterns.

Ambiguous Symptoms

Symptoms that are not clear or precise in their indication, making it difficult to diagnose the underlying condition accurately.

Definitive Symptoms

Symptoms that are specifically characteristic of a particular disease or condition, aiding in its identification and diagnosis.