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:

Metering Strategy

Approaches used by companies to measure and charge for services based on usage or consumption.

Doll Accessories

Items designed to complement or enhance the play value or display of dolls, such as clothing, furniture, or vehicles.

Tie-in Sale

A sales technique where one product or service can only be purchased if another product or service is bought simultaneously.

Bundling

The practice of offering multiple goods for sale as one combined product.