You Just Received $278,000 from an Insurance Settlement

question 5

Multiple Choice

You just received $278,000 from an insurance settlement. You have decided to set this money aside and invest it for your retirement. Currently, your goal is to retire 38 years from today. How much more will you have in your account on the day you retire if you can earn an average return of 9.5% rather than just 9.0%?

• A) $794,014
• B) $1,396,036
• C) $1,611,408
• D) $1,818,342
• E) $2,033,333

---

Definitions:

Fetal Alcohol Syndrome

A condition in a child that results from alcohol exposure during the mother's pregnancy, causing brain damage and growth problems.

Academic Functioning

Refers to the educational performance and the ability to meet the demands and expectations of academic environments.

Autism Spectrum Disorder

An impairing condition identifiable by trouble in communicating and interacting socially, as well as restricted or repetitive behaviors and thoughts.

Psychosocial Therapy

Therapeutic approaches that focus on social and interpersonal factors to improve psychological well-being and mitigate mental health disorders.