You Would Like to Have Enough Money Saved to Receive

question 73

Multiple Choice

You would like to have enough money saved to receive a growing annuity for 20 years, growing at a rate of 5% per year, the first payment being $50,000 after retirement. That way, you hope that you and your family can lead a good life after retirement. How much would you need to save in your retirement fund to achieve this goal.(assume that the growing annuity payments start one year from the date of your retirement. The interest rate is 10%) ?

• A) $1,000,000
• B) $425,678.19
• C) $605,604.20
• D) None of the above

Understand the complexities and challenges in diagnosing and treating psychological disorders.

Recognize the role of biological, psychological, and social factors in mental health and illness.

Identify the major perspectives and models (medical, social-cognitive, biopsychosocial) used to understand psychological disorders.

Understand the impact of attributions and cognitive processes on psychological disorders such as depression.