Alan Barnett Is 43 Years Old and Has Accumulated $78,000

question 47

Multiple Choice

Alan Barnett is 43 years old and has accumulated $78,000 in his self directed defined contribution pension plan. Each year he contributes $1,500 to the plan, and his employer contributes an equal amount. Alan thinks he will retire at age 60 and figures he will live to age 83. The plan allows for two types of investments. One offers a 4% risk free real rate of return. The other offers an expected return of 10% and has a standard deviation of 34%. Alan now has 40% of his money in the risk free investment and 60% in the risky investment. He plans to continue saving at the same rate and keep the same proportions invested in each of the investments. His salary will grow at the same rate as inflation. How much does Alan currently have in the safe account; how much in the risky account?

• A) $31,200; $46,800
• B) $39,000; $39,000
• C) $15,900; $62,100
• D) $45,300; $32,700
• E) $64,000; $14,000

Differentiate between types of memories, such as flashbulb, autobiographical, and eyewitness memories.

Recognize the influence of emotions, distinctiveness, and rehearsal on memory retention.

Understand the concept of memory decay over time.

Identify biases and errors in eyewitness memories and methods to improve their reliability.

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Definitions:

Support

Assistance or backing provided to individuals or entities, often to solve problems or enhance capabilities.

Presentation

A presentation is a formal event at which information is displayed and discussed, often using visual aids, to convey a message or educate an audience.

Free-Form Slides

Presentation slides that are not based on a template, often with each slide having a unique look but unified by typeface, color, and other design choices; tend to be much more visually oriented than structured slides.

Motivational

Relating to or providing motivation, often involving encouragement or inspiration to achieve a particular goal.