You Have Just Landed Your fiRst Job

question 135

Multiple Choice

You have just landed your first job. Part of the offer includes a $4,000 new employee bonus which is intended to cover your relocation costs. You have determined that you can move yourself for
$1,000. Thus, you have decided to open an Individual Retirement Account with the remaining
$3,000. How much more will this investment be worth 35 years from now if you can earn an
Average rate of return of 9.5% rather than 9%?

• A) $10,639.32
• B) $10,676.16
• C) $11,207.91
• D) $11,341.41
• E) $11,454.54

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Definitions:

Freshwater

Water that contains minimal amounts of dissolved salts, found in rivers, lakes, streams, and groundwater, essential for drinking, agriculture, and habitat for many organisms.

Buoyancy

The upward force exerted by a fluid that opposes the weight of an object immersed in it, enabling the object to float or to seem lighter.

Internal Fertilization

The process in which the male delivers sperm into the body of the female (or close to the entrance of the reproductive tract).

Natural Selection

The method through which creatures more suited to their surroundings are more likely to live and have a higher number of descendants, a crucial driver of evolutionary change.