Which of the Following Refers to the Maximum Amount in 2018

question 110

Multiple Choice

Which of the following refers to the maximum amount in 2018 that you can contribute annually to a Roth IRA?

• A) $2,500.
• B) $5,500.
• C) $7,500.
• D) $10,000.

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Definitions:

Compound Interest

A method of interest calculation on a loan or deposit that involves both the initial principal and the cumulative interest from earlier periods.

Initial Investment

The initial amount of money invested in a project, property, or business to start operations.

Required Rate

The minimum return an investor expects to achieve when investing in a project or security.

Annuity

A financial product that provides a series of payments at fixed intervals, often used for retirement savings or income generation.