You Started Your First Job After Graduating from College

question 77

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 $2,000 per year from your salary. You decide to invest the contributions in assets that you expect to earn 10 percent per year. If you plan to retire in 40 years, how big will you expect that retirement account to be?

• A) $442,592.56
• B) $885,185.11
• C) $1,327,777.67
• D) $1,527,787.70

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Definitions:

Heritability Estimate

A statistical measure that indicates how much of the variation in a particular trait within a population can be attributed to genetic differences among individuals.

Intelligence

The aptitude for acquiring knowledge, grasping concepts, tackling issues, and adapting to unfamiliar scenarios.

Correlation

An indicator that measures the extent of co-fluctuation among two or more variables.

IQ Scores

Numerical representations of an individual's cognitive abilities relative to a standard population, derived from standardized tests.