Joe Expects to Start Working Immediately After Graduation and He

question 63

Multiple Choice

Joe expects to start working immediately after graduation and he is already planning to retire.He wants to retire in twenty-five years and hopes that he will be able to do so comfortably by investing $2,000 at the end of each year throughout this period.If he earns 5% compounded annually,how much will be in his retirement fund in twenty-five years?

• A) $95,454.20
• B) $54,000.00
• C) $169,317.75
• D) $102,226.00
• E) $76,345.93

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Definitions:

Cultural Attitudes

The shared values, beliefs, norms, and practices of a group of people that shape their behavior and attitudes toward various aspects of life.

Gender

The range of characteristics pertaining to, and differentiating between, masculinity and femininity, including roles, expectations, and identity.

Controls the Body

This term could refer to any system or mechanism, such as the nervous system, that governs and regulates the physiological functions of an organism.

Contemporary Sculptor

An artist who creates three-dimensional works of art, such as statues or installations, in the context of current styles and themes.