If You Invest the $10,000 You Receive at Graduation (Age

question 113

Multiple Choice

If you invest the $10,000 you receive at graduation (age 22) in a mutual fund which averages a 12% annual return, how much will you have at retirement in 40 years?

• A)$909,090
• B)$930,510
• C)$783,879
• D)$510,285

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Definitions:

Medicaid

A government healthcare program providing medical assistance to low-income individuals and families.

Medicare

A federal health insurance program in the United States for people aged 65 and older, and for some younger people with disabilities.

Health Benefits

The positive effects or outcomes on physical, mental, and social well-being obtained through healthcare services, good nutrition, exercise, and healthy lifestyle choices.

Government Transfer Program

Programs operated by governments to redistribute income across various segments of society, often from those with higher income to those in need, such as welfare or social security.