Joe Nautilus has $120,000 and wants to retire. What return must his money earn so he may receive annual benefits of $20,000 for the next 14 years?
A) 12%
B) between 12% and 13%
C) 14%
D) greater than 15%

Question

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The Answer of Joe Nautilus has $120,000 and wants to retire. What return must his money earn so he may receive annual benefits of $20,000 for the next 14 years?
A) 12%
B) between 12% and 13%
C) 14%
D) greater than 15%

Joe Nautilus Has $120,000 and Wants to Retire