Danny Invests $124 090 in a Fund and Expects to Receive

question 70

Multiple Choice

Danny invests $124 090 in a fund and expects to receive $10 000 per year,at the end of each year,for the next 30 years.What is the approximate interest rate provided on the annuity?

• A)8 percent
• B)6 percent
• C)9 percent
• D)7 percent

---

Definitions:

Human

A member of the species Homo sapiens, characterized by advanced cognitive abilities and complex social behaviors.

Conceptual

Pertaining to the formulation or understanding of abstract ideas and principles.

Ethics Center Of Gravity

A conceptual point or principle that serves as the foundational basis for ethical decision-making within an individual or organization.

Virtuous Shift

A conceptual or behavioral change towards more ethical, positive, or morally superior practices within an individual or organization.