Matt Is 25 and Wants to Save $2,000 Per Year

question 47

Multiple Choice

Matt is 25 and wants to save $2,000 per year in an IRA until he retires at age 65. If Matt's investment earns 9%, how much will his IRA be worth when he retires?

• A) $64,030
• B) $579,471
• C) $272,620
• D) $675,780

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Definitions:

Reactive Nervous System

Refers to the part of the nervous system that responds spontaneously to stimuli, often indicative of an instinctual or immediate reaction.

Anxious

Experiencing worry, unease, or nervousness, typically about an imminent event or something with an uncertain outcome.

Withdrawn

A state or behavior characterized by a reluctance to engage with others or participate in social activities, often due to emotional or psychological reasons.

Securely Attached

A term describing individuals who have a positive view of themselves and their relationships, leading to healthy and trusting interpersonal connections.