If You Have $45,000 Earning 9

question 133

Multiple Choice

If you have $45,000 earning 9.6% compounded monthly, how much money could you take out of the investment at the end of every year for 10 years?

• A) $8,820
• B) $7,334
• C) $2,819
• D) $7,198
• E) $2,878

---

Definitions:

Integrity

The quality of being honest and having strong moral principles; moral uprightness.

Coping

Adaptive thinking or behavior aimed at reducing or relieving stress that arises from harmful, threatening, or challenging conditions.

Problem-focused

A coping mechanism that involves directly addressing the cause of stress in a practical way.

Emotion-focused

A coping strategy that involves reducing the emotional distress associated with a situation.