When You Retire 45 Years from Now, You Want to Have

question 5

Multiple Choice

When you retire 45 years from now, you want to have $1.25 million saved. You think you can earn an average of 7.6 percent on your investments. To meet your goal, you are trying to decide whether to deposit a lump sum today, or to wait and deposit a lump sum five years from today to fund this goal. How much more will you have to deposit if you wait for five years before making the deposit?

• A) $17,414.14
• B) $21,319.47
• C) $19,891.11
• D) $20,468.85
• E) $13,406.78

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Definitions:

Prealbumin Level

A laboratory test measuring the amount of prealbumin in the blood, used as a marker for nutritional status and to assess the effectiveness of nutritional support.

Bottle-Fed

Refers to infants who receive their nutrition from formula or expressed breast milk fed to them via a bottle, as opposed to breastfeeding.

National Dysphagia Diet

A standardized tool developed to help manage feeding difficulties and ensure adequate nutrition for individuals with dysphagia, or swallowing difficulties.

Dysphagia Puree Diet

A diet consisting of pureed foods that are easier to swallow, designed for individuals with swallowing difficulties.