Moses' Goal, When He Retires from Work in Seven Years

question 231

Multiple Choice

Moses' goal, when he retires from work in seven years, is to have $400,000 in his Retirement Fund. Assuming he achieves his goal and the fund earns 7% compounded semi-annually after he retires, Moses will, at the end of every six months, take $20,000 out of his Retirement Fund. For how long will he be able to do that before the money runs out?

• A) 15.4 years
• B) 35.0 years
• C) 20.0 years
• D) 12.9 years
• E) 17.5 years

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Definitions:

Impermeable

Incapable of being passed through or penetrated, often used to describe materials that liquids or gases cannot permeate.

Right Lymphatic Duct

A major lymphatic vessel that drains lymph from the right upper limb, right side of the thorax, and the right halves of the head and neck into the bloodstream.

Thoracic Duct

The largest lymphatic vessel in the human body, which drains lymph into the bloodstream from the lower and left side of the body.

Lumbar Trunk

A term typically used to describe the part of the body that includes the lower spine and surrounding region.