You Want to Retire with $400 000 in the Bank

question 147

Multiple Choice

You want to retire with $400 000 in the bank and you are able to earn 6% compounded quarterly for the next 25 years. How much money do you have to invest today in order to achieve your goal?

• A) $90 251.78
• B) $90 251.77
• C) $90 001.78
• D) $90 201.77
• E) $90 001.77

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Definitions:

Elimination Disorders

Psychiatric disorders in children characterized by inappropriate elimination of urine or feces.

Bodily Functions

refer to the physiological actions carried out by different systems of the body necessary for the maintenance of life and health.

Physical Illness

A condition affecting the body, as opposed to the mind, often with identifiable symptoms and potentially medical treatment.

Enuresis

A medical condition characterized by the involuntary discharge of urine, often by children at night; bedwetting.