You Deposit $3,000 in a Retirement Account Today at 5

question 53

Multiple Choice

You deposit $3,000 in a retirement account today at 5.5% interest. How much more money will you have if you leave the money invested for forty-five years rather than forty years?

• A) $7,714.91
• B) $7,799.08
• C) $7839.74
• D) $7,846.52
• E) $7,858.19

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Definitions:

Active Listener

An individual who fully concentrates, understands, responds, and then remembers what is being said in a conversation.

Non-Verbal Cues

Forms of communication that do not use words but convey messages through body language, facial expressions, gestures, posture, and tone of voice.

Constructive Feedback

Feedback provided in a manner intended to help and encourage the recipient to improve or advance in certain areas.

Receiver

The individual or entity that receives a message or information, playing a critical role in the communication process.