Approximately How Much Money Will You Accumulate in Your Retirement

question 38

Multiple Choice

Approximately how much money will you accumulate in your retirement account if you save $2,500 per year for 40 years and earn 5% on your investments?

• A) $201,668.
• B) $254.889.
• C) $289,464.
• D) $301,999.

---

Definitions:

Psychoanalysis

A therapeutic approach founded by Sigmund Freud, focusing on unconscious motivations and conflicts as drivers of behavior and psychological issues.

Psychotropic

Referring to drugs that affect a person's mental state, commonly used to treat psychiatric disorders.

Depression

A mental health disorder characterized by persistent sadness, loss of interest in activities, and a range of physical and emotional problems.

Mood Disorders

A category of mental health disorders that primarily affect a person's emotional state, resulting in periods of excessive happiness, sadness, or fluctuations between the two.