Danny Invests $124 090 in a Fund and Expects to Receive

question 45

Multiple Choice

Danny invests $124 090 in a fund and expects to receive $10 000 per year for the next 30 years.What is the approximate interest rate provided on the annuity?

• A)8 percent
• B)6 percent
• C)9 percent
• D)7 percent

---

Definitions:

Chronic Schizophrenia

A long-lasting, severe mental disorder characterized by distortions in thinking, perception, emotions, language, sense of self, and behavior.

Acute

Refers to conditions or diseases that appear suddenly and are typically severe but brief in duration.

Reactive

Pertaining to a response to a stimulus or situation, often implying a lack of initiative or proactive action.

Stressful Life

Conditions or situations in one's life that cause physical or emotional tension.