If His Savings Account Had Earned a More Conservative 9

question 80

Multiple Choice

If his savings account had earned a more conservative 9% annual rate of return,Arnold's savings would be approximately ________ less by age 68.

• A)$4,132
• B)$62,585
• C)$167,805
• D)$1,871,663

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Definitions:

Retention

The ability to maintain or keep information in the mind over a period of time.

Ebbinghaus

Ebbinghaus refers to Hermann Ebbinghaus, a psychologist known for his foundational work on memory and the forgetting curve.

Nonsense Syllables

Stimuli used in psychological experiments, consisting of consonant-vowel-consonant arrangements that do not form real words, to study memory and learning.

Ebbinghaus

refers to Hermann Ebbinghaus, a German psychologist known for his pioneering work in the study of memory, including the forgetting curve and the spacing effect.