Joe Nautilus has $210,000 and wants to retire. What approximate return must his money earn so he may receive annual benefits of $30,000 for the next 10 years?
A)12%
B)Between 12% and 13%
C)About 7%
D)Greater than 15%

Question

Quizplus · Accepted Answer

The Answer of Joe Nautilus has $210,000 and wants to retire. What approximate return must his money earn so he may receive annual benefits of $30,000 for the next 10 years?
A)12%
B)Between 12% and 13%
C)About 7%
D)Greater than 15%

Joe Nautilus Has $210,000 and Wants to Retire