You Started Your First Job After Graduating from College

question 118

Multiple Choice

You started your first job after graduating from college. Your company offers a retirement plan for which the company contributes 50% of what you contribute each year. You expect to contribute $4,000 per year from your salary. You decide to invest the contributions in assets that you expect to earn 8% per year. If you plan to retire in 35 years, how big will you expect that retirement account to be?

• A) $689,267.21
• B) $823,147.29
• C) $1,033,900.82
• D) $1,308,427.41

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Definitions:

Market Development

A marketing strategy that focuses on selling existing goods and services to new customers.

Market Penetration

The process or strategy of entering a market and establishing a significant presence within that market.

Product Development

The process of bringing a new product to market, including idea generation, design, and manufacturing.

Marketing Objective

A specific, measurable goal that a company aims to achieve through its marketing efforts.