Joe Nautilus Has $210,000 and Wants to Retire

question 78

Multiple Choice

Joe Nautilus has $210,000 and wants to retire. What 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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Definitions:

Great Mosque Damascus

One of the oldest and most significant mosques in the world, located in Damascus, Syria, known for its architectural beauty and historical importance.

Roman Forum

An ancient rectangular plaza surrounded by the ruins of several important government buildings at the center of the city of Rome, serving as the nucleus of Roman public life.

Structural Foundation

The part of a building or structure that transfers its load directly to the earth, providing stability and support.

Saminid Mausoleum

A notable architectural landmark in Bukhara, Uzbekistan, representing one of the earliest examples of Islamic architecture in Central Asia, dating back to the 10th century.