Use the Table Below to Answer the Following Question(s) -What Will Be the Amount of Employee Contribution to Retirement

question 13

Multiple Choice

Use the table below to answer the following question(s) .
Sheila joined Simsin Tradings at the age of 36 with a starting salary of $75,000.She expects a salary increase of 5 percent every year.Her retirement plan requires her to pay 9 percent of her salary, while the company matches it at 32 percent.She expects an annual return of 7 percent on her retirement portfolio.Using a predictive model for Sheila's first five years, calculate the following, assuming that the salary increases at the same rate every year, and the return of interest does not change.
$$\begin{array}{l}\text { Retirement Plan Model for Sheila }\\\begin{array} { | l | l | } \hline \text { Data } & \\\hline \text { Retirement Contribution ( percent of salary) } & \\\hline \text { Employer Match } & 9 \text { percent } \\\hline \text { Annual Salary Increase } & 32 \text { percent } \\\hline \text { Annual Return on Investment } & 5 \text { percent } \\\hline & 7 \text { percent } \\\hline\end{array}\end{array}$$
-What will be the amount of employee contribution to retirement plan when Sheila is aged 38?

• A)$7,441.88
• B)$7,813.97
• C)$24,450
• D)$2381.40

Recognize the role of mood and affect on memory recall and judgment.

Identify the influence of social inference flaws on perception and cognition.

Describe the process of recall and the organizational structure of memory.

Explain the significance and impact of base-rate information in judgment.

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