After Retirement,you Expect to Live for 25 Years

question 15

Multiple Choice

After retirement,you expect to live for 25 years.You would like to have $75,000 income each year.How much should you have saved in your retirement account to receive this income if the interest rate is 9% per year? (Assume that the payments start one year after your retirement.)

• A)$736,693.47
• B)$83,431.17
• C)$1,875,000
• D)$1,213,487.12

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Definitions:

Avoiding Style

A conflict management strategy where an individual deliberately stays away from addressing or engaging in a conflict.

Unassertive

Characterized by a lack of self-confidence and a tendency to yield to others; not advocating for one's own rights or preferences.

Uncooperative

Not willing to work together or assist others.

Forcing Style

A conflict resolution approach where one party asserts its viewpoints at the expense of another, often disregarding the concerns and interests of the opposite party.