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

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Definitions:

Unions

Organizations formed by workers to protect and advance their rights and interests.

Individual Resistance

The act of an individual opposing or fighting against conventions, norms, social injustices, or institutional requirements.

Office Workers

Individuals employed in a professional environment, typically within an office setting, performing administrative duties or other specialized tasks.

Daydreaming

The act of engaging in spontaneous and self-generated thoughts and fantasies, typically disconnected from immediate tasks or surroundings.