How Much Would You Have to Invest Each Month in an Annuity

question 111

Multiple Choice

How much would you have to invest each month in an annuity earning 5% monthly to earn $30,000 at the end of 30 years?

• A) $14.32
• B) $36.05
• C) $39.82
• D) $40.26

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Definitions:

Political Disruptions

are events or actions that cause significant changes or interruptions to the usual political activities and processes, potentially leading to instability.

Common Currency

A currency that is used by multiple countries, facilitating international trade and economic stability, like the Euro in the European Union.

Cross-Border Trade

The buying and selling of goods and services between businesses in neighboring countries or regions.

North American Free Trade Agreement (NAFTA)

A trade agreement between Canada, Mexico, and the United States to reduce trade barriers and increase economic collaboration, replaced by USMCA in 2020.