You Want to Retire in 25 Years and You Have

question 19

Multiple Choice

You want to retire in 25 years and you have just inherited $300,000. You believe you will need $1,450,000 upon retirement. What rate will you need to earn on the account to achieve this goal?

• A) 4.5 percent
• B) 5.5 percent
• C) 6.5 percent
• D) 8.5 percent

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Definitions:

Organizational Cultures

A system of shared assumptions, values, and beliefs, which governs how people behave in organizations.

Merging

The process of combining two or more entities into one, with the goal of enhancing competitive advantages or achieving efficiencies.

Corporate Cultures

The collection of beliefs, values, behaviors, customs, and attitudes that characterize a company or organization.

Adaptive Cultures

Organizational cultures that are flexible, resilient, and responsive in adapting to changing environments and challenges.