Multiple Choice
You want to retire in 25 years and you have just inherited $300,000. You believe you will need $1,450,000 upon retirement. What rate will you need to earn on the account to achieve this goal?
A) 4.5 percent
B) 5.5 percent
C) 6.5 percent
D) 8.5 percent
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q14: At age 25 you invest $2,000 that
Q15: Approximately how many years does it take
Q16: How long will it take $4,000 to
Q17: What information would you need to know
Q18: A $1,000 investment has doubled to $2,000
Q20: Which is more valuable, receiving $1,000 today
Q21: What annual rate of return is earned
Q22: You deposit $200 in an account that
Q23: Suppose a U.S. Treasury bond promises to
Q24: Which of the following would you prefer?<br>A)