Your Client Has Been Given a Trust Fund Valued at $1

question 134

Multiple Choice

Your client has been given a trust fund valued at $1 million. She cannot access the money until she turns 68 years old, which is in 12 years. At that time, she can withdraw $30,000 per month. If the trust fund is invested at a 7% interest rate, how many months will it last your client once she starts to withdraw the money?

• A) 77.05 months
• B) 81.05 months
• C) 99.05 months
• D) 119.05 months

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Definitions:

Public-Policy Exception

A legal doctrine that prevents employers from terminating employees in violation of well-established public policy of the state.

Whistle-Blowers

Individuals who expose illegal, unethical, or improper conduct within an organization, often facing significant personal and professional risk.

Job Dissatisfaction

Is the feeling of being unhappy with one’s job. It is a major cause of voluntary turnover.

Affective Commitment

The emotional attachment and involvement an employee feels towards their organization, influencing their willingness to stay and contribute positively.