Approximately How Much Should Be Accumulated by the Beginning of Retirement

question 105

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 8% interest with monthly compounding?

• A) $261,500.00
• B) $323,800.00
• C) $578,700.00
• D) $690,000.00

---

Definitions:

Primary Intention

A wound closure technique that involves direct edge-to-edge contact to facilitate healing, typically used for clean, uninfected wounds.

Granulation Tissue

Fresh connective tissue and tiny blood vessels that develop on a wound's surface as it heals.

Shearing Force

A stress or force that causes layers of a material to slide past each other, typically leading to deformation or damage.

Pressure Injury

Damage to the skin and underlying tissue resulting from prolonged pressure, often occurring in bedridden or immobile individuals.