Samuel Survivor Is Planning to Save for Retirement 35

question 1

Multiple Choice

Samuel Survivor is planning to save for retirement 35 years from now.He expects to live 25 years beyond that,and would like an annual retirement income of $38,500 after tax of 30%.How much must Samuel Survivor save each year to accumulate the lump sum needed to fund retirement,at an expected annual return of 11.2%?

• A)$893
• B)$4,062
• C)$1,339
• D)$937
• E)None of the above

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Definitions:

Genetic Drift

The process by which allele frequencies in a population change due to chance events, affecting small populations more significantly.

Codon

A sequence of three nucleotides in mRNA that specifies a particular amino acid or termination signal during protein synthesis.

Natural Selection

Natural selection is a mechanism that can lead to adaptive evolution, whereby differences in the phenotypes of individuals cause some of them to survive and reproduce more effectively than others and therefore outcompete them.

Synapomorphy

A characteristic or trait that is shared by two or more taxonomic groups and is derived from their most recent common ancestor, indicating a phylogenetic relationship.