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Joe Nautilus Has $210,000 and Wants to Retire

question 46

Multiple Choice

Joe Nautilus has $210,000 and wants to retire. What approximate return must his money earn so he may receive annual benefits of $30,000 for the next 10 years?

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Definitions:

Angular Pieces

Describes fragments of rock or material that have sharp edges and are not rounded, often found in sediment or debris flows.

Abrasion

The mechanical wearing away of rock surfaces by contact with sand and other solid rock particles transported by running water, waves, wind, ice, or gravity.

Transportation

In geology, the movement of sediments from one location to another by water, wind, or ice.

Pebble's Particle Size

The measure of the grain size of pebbles, generally used in geology to classify sediment grains between 2 and 64 millimeters in diameter.

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