Your Employer Contributes $20 a Week to Your Retirement Plan

question 50

Multiple Choice

Your employer contributes $20 a week to your retirement plan.Assume that you work for your employer for another twenty years and that the applicable discount rate is 5 percent.Given these assumptions,what is this employee benefit worth to you today?

• A)$13,144.43
• B)$15,920.55
• C)$16,430.54
• D)$16,446.34
• E)$16,519.02

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Definitions:

Conveyance

The act of transferring ownership of property from one party to another, often involving real estate.

Gift

A voluntary transfer of property for which the donor receives no consideration in return.

Title

The formal right of ownership of property, whether real or personal, tangible or intangible.

Bailment

The temporary placement of control over or possession of personal property by one person into the hands of another, under agreement.