Why Should You Care About the Power of Compounding and the Time

question 32

Multiple Choice

Why should you care about the power of compounding and the time value of money?

• A)It is critical to obtaining your future financial goals.
• B)The sooner you start saving for retirement,the less you have to save each year.
• C)You may outlive your Social Security and employer's retirement plan.
• D)It is possible to build a large estate for yourself,spouse,and children.
• E)All of the above

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Definitions:

Sacrum

A triangular bone at the base of the spine, formed by the fusion of several vertebrae, and situated between the two hip bones.

Thoracic Region

The part of the body that is located between the neck and the abdomen, housing the heart and lungs among other vital organs.

True Ribs

The first seven pairs of ribs, which are directly attached to the sternum via costal cartilages.

Vertebral Curves

The natural curvatures in the spine that help absorb shock and maintain balance in the human body.