You Own a Stamp Collection That Is Currently Valued at $24,500

question 145

Multiple Choice

You own a stamp collection that is currently valued at $24,500. If the value increases by 5.5% annually, how much will the collection be worth when you retire 40 years from now?

• A) $204,113.07
• B) $204,981.16
• C) $205,155.45
• D) $206,666.67
• E) $208,576.07

---

Definitions:

Job Evaluation

A systematic process used to assess the relative worth of jobs within an organization for the purpose of establishing fair compensation levels.

Private Sector

Part of the economy that is run by individuals and companies for profit and is not directly controlled by the state.

Wage Survey Data

Information gathered about salary rates and compensation for various jobs, used to benchmark and set salaries.