Multiple Choice
Danny invests $124 090 in a fund and expects to receive $10 000 per year for the next 30 years. What is the approximate rate of return?
A) 8 percent
B) 6 percent
C) 9 percent
D) 7 percent
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q2: What is the future value of $200
Q4: For a deposit of $1000 to earn
Q7: The longer the time period, the lower
Q9: A series of future payments with equal
Q10: Rebeccah is 65 and planing to retire
Q11: Ten percent compounded quarterly means 5 percent
Q38: The nominal interest rate is the actual
Q71: The higher the interest rate,the lower the
Q81: The effective rate of interest and compounding
Q114: Time value of money is based on