Morgan Has Decided to Make Contributions of $250 to Her

question 2

Multiple Choice

Morgan has decided to make contributions of $250 to her Retirement Savings Plan (RSP) at the end of each month for 30 years. She anticipates that her RSP will earn 12.75% compounded monthly. She is 20 years old now and therefore he will be only 50 when this plan is completed. How much money will be in her RSP when she is 50 years of age?

• A) $284,671
• B) $641,893
• C) $962,357
• D) $1,033,348
• E) $2,763,932

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Definitions:

Dopamine

A neurotransmitter involved in many functions, including motivation, reward, attention, and regulation of movement and emotional responses.

Mild Hallucinogen

A substance that induces subtle alterations in perception, thoughts, or feelings, without causing a complete disconnection from reality.

Harmonious Notes

Pertains to musical notes that are perceived as agreeable or compatible when played together.

THC

The principal psychoactive constituent of cannabis, responsible for most of the plant's psychological effects.