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?

• A)12%
• B)Between 12% and 13%
• C)About 7%
• D)Greater than 15%

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