Jackie & Her Husband Started a Savings Account for Their

question 79

Multiple Choice

Jackie & her husband started a savings account for their twin daughters when they were 2 years old.They have been saving $100,000 a year at an interest rate of 10%,and intend on keeping up with their annual contribution to the fund until the girls are 21.What is the future value of their investment?

• A) $864,869.43
• B) $836,492.01
• C) $5,115,909.05
• D) $6,400,249.94
• E) $2,090,000

Identify characteristics of effective and realistic goals.

Analyze the relationship between goal orientation and work performance.

Understand the potential pitfalls and limitations of goal setting.

Comprehend the role of action plans in achieving goals.

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Definitions:

Psychoanalysis

A therapeutic approach developed by Sigmund Freud, focusing on unconscious psychological processes and is often used to treat psychopathology.

Behavior Modification

A therapeutic approach that seeks to change potentially self-destructive or unhealthy behaviors through reinforcement methods.

Abnormal Behavior

Actions, thoughts, or feelings that are considered atypical or significantly deviate from societal or cultural norms.

Maladaptive Traits

Characteristics or traits in an individual that are counterproductive and interfere with their ability to cope effectively with challenges.