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Annual return on isis investment

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Jerry has just received an inheritance of $25,000, and he would like to use it to help him with his retirement. Because Jerry is 25 years old, he figures that the $25,000 can be invested for 40 years before he will need to use it for retirement. Jerry wants to know what interest rate would be necessary for the $25,000 to grow to provide an amount so that he can have a monthly income of $5,000 earned from simple interest only. Assume that Jerry Is able to invest in real estate and can earn a 12%% annual return on Isis Investment

Reference no: EM133252238

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