Joe Nautilus Has $120,000 and Wants to Retire

question 30

Multiple Choice

Joe Nautilus has $120,000 and wants to retire.What return must his money earn so he may receive annual benefits of $20,000 for the next 14 years?

• A) 12%
• B) Between 12% and 13%
• C) 14%
• D) Greater than 15%

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A fictional city from J.R.R. Tolkien's Middle-earth universe, serving as the capital of the Kingdom of Gondor in the author's "The Lord of the Rings" series.

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