Approximately How Much Should Be Accumulated by the Beginning of Retirement

question 60

Multiple Choice

Approximately how much should be accumulated by the beginning of retirement to provide a $2,500 monthly check that will last for 25 years, during which time the fund will earn 6% interest with monthly compounding?

• A) $361,526.14
• B) $388,017.16
• C) $402,766.67
• D)$414,008.24

Understand the influence of genetics versus environment on personality traits.

Recognize the role of adoptive and biological parents in shaping individuals' characteristics.

Comprehend the basic principles of genetic inheritance and variations in fraternal and identical twins.

Identify environmental impacts on physical and behavioral traits across generations.