How Much Will You Have in a Roth IRA If

question 23

Multiple Choice

How much will you have in a Roth IRA if you invest $5,000 a year for 35 years, if money earns 6 percent, and you make the investment at the end of each year?

• A) $590,604.33
• B) $557,173.89
• C) $474,181.61
• D) $451,601.54

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Definitions:

Mental Ability

Refers to the capacity for logical reasoning, understanding complex ideas, learning from experience, and adapting to new situations.

Vocations

Refers to occupations, professions, or careers, particularly those for which individuals are trained or have a special aptitude.

Learning Disabilities

Learning disabilities are neurologically-based processing problems that can interfere with learning basic skills and higher level skills like organization and time planning.

Projective Tests

Psychological assessments that use ambiguous stimuli to elicit responses that reflect aspects of an individual's personality, motivations, or desires.