You Currently Have $100,000 in the Stock Market

question 40

Multiple Choice

You currently have $100,000 in the stock market.per annum return. You estimate that you will need $250,000 from this investment before you canretire. How many years are you from retirement?

• A) 21.0 years
• B) 4.9 years
• C) 15.3 years
• D) 8.1 years

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Definitions:

Family Cycle

The series of stages through which a family passes over time, from marriage to the raising of children and onward.

Adolescence

The transitional stage of physical and psychological development that generally occurs during the period from puberty to legal adulthood.

Intimacy Versus Isolation

A stage in Erik Erikson's theory of psychosocial development where adults face the challenge of forming close relationships with others or experiencing loneliness and isolation.

Generativity Versus Stagnation

A stage in Erik Erikson's theory of psychosocial development occurring during middle adulthood when individuals strive to create or nurture things that will outlast them, vs. a sense of stagnation and unproductivity.