Assume That You Are 23 Years Old and That You

question 23

Essay

Assume that you are 23 years old and that you place $3,000 year-end deposits each year into a stock index fund that earns an average of 9.5% per year for the next 17 years.How much money will be in the account at the end of 17 years? How much money will you have in the account 15 years later at age 55 if the account continues to earn 9.5% per year but you discontinue making new contributions? How much money would you have at the end of 17 years if you had made the same number of deposits but at the beginning of the year instead of at the end of the year? How much money will you have in the account 15 years later at age 55 if the account continues to earn 9.5% per year but you discontinued making new contributions?

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Definitions:

Positive Correlation

A relationship between two variables where if one variable increases, the other one also increases.

Epidemiology

A branch of medicine that investigates the various factors that contribute either to positive health or to the frequency and distribution of a disease or disorder.

Psychoneuroimmunology

An interdisciplinary field that studies the interaction between psychological processes, the nervous system, and the immune system, and their effects on health.

Prevalence

The proportion of a population found to have a condition or disease at a specific time.