You Wish to Have $10,000 Per Year as a Retirement

question 233

Multiple Choice

You wish to have $10,000 per year as a retirement supplement for 20 years (from age 65-85) . You are now 40 years old. How much must you save each year for the next 25 years if you assume your savings will earn 12% annually?

• A)$560.17
• B)$1,499.99
• C)$5,403.87
• D)None of the above

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Definitions:

Classical Conditioned

A learning process that pairs a neutral stimulus with a response-producing stimulus, leading to the neutral stimulus eliciting the response on its own.

Phobias

Irrational and excessive fears of specific objects, situations, or activities that result in a compelling desire to avoid the feared subject.

Ethological Theory

A perspective in psychology that emphasizes the genetic and evolutionary mechanisms behind behaviors and how they contribute to survival.

Biological Basis

The foundation of behaviors, abilities, or diseases in genetic, neurological, or physiological processes within the body.