You Accept a Job That Pays a Salary Of $\$$ 50,000 the First Year

question 72

Multiple Choice

You accept a job that pays a salary of $\$$ 50,000 the first year. During the next 39 years, you will receive a 4% raise each year. What would be your total compensation over the 40-year period? Round your answer to the nearest integer.

• A) \(\$\) 4,751,276
• B) \(\$\) 1,250,000
• C) \(\$\) 48,000
• D) \(\$\) 200,000
• E) \(\$\) 2,000

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Definitions:

Imprinting

A form of learning in which a very young animal fixes its attention on the first object with which it has visual, auditory, or tactile experience and thereafter follows that object.

Egocentrism

A cognitive bias that causes individuals to interpret the world from their own perspective, often failing to take into account the viewpoints of others.

Secure Attachment

A strong and healthy emotional bond between a child and caregiver, characterized by trust and a sense of safety.

Stranger Anxiety

A developmental situation where infants and young children feel distress and apprehension around unfamiliar people.