You Started Your First Job After Graduating from College

question 28

Multiple Choice

You started your first job after graduating from college. Your company offers a retirement plan for which the company contributes 50 percent of what you contribute each year. You expect to contribute $4,000 per year from your salary. You decide to invest the contributions in assets that you expect to earn 8 percent per year. If you plan to retire in 35 years, how big will you expect that retirement account to be?

• A) $689,267.21
• B) $823,147.29
• C) $1,033,900.82
• D) $1,308,427.41

---

Definitions:

Apprentice

An individual who learns a trade, craft, or skill from an experienced worker by working under them for a specified period of time.

Lev Vygotsky

A Soviet psychologist known for his work on cognitive development, particularly the social-cultural theory emphasizing the importance of social interaction in learning.

Theory Of Mind

The ability to attribute mental states—beliefs, intents, desires, emotions, knowledge, etc.—to oneself and to others and to understand that others have beliefs, desires, and intentions that are different from one's own.

Infantile Amnesia

The incapacity of adults to recall episodic memories, which are memories related to specific events or situations, from their early childhood years.