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:

Intervention Strategies

Planned actions designed to alter or influence a specific outcome or behavior, often used in healthcare, education, or organizational settings.

Overall Outcome

The final result or effect of a series of actions or events, regarded in a comprehensive or general way.

Responding Empathically

The action of understanding, sensing, and vicariously experiencing the feelings, thoughts, or attitudes of another person, with the aim of providing support and understanding.

Think With

A collaborative approach used in therapy and counseling where the therapist and client jointly explore thoughts and solutions.