At the End of This Month,Les Will Start Saving $150

question 37

Multiple Choice

At the end of this month,Les will start saving $150 a month for retirement through his company's retirement plan.His employer will contribute an additional $0.50 for every $1.00 that he saves.If he is employed by this firm for 30 more years and earns an average of 10.5 percent on his retirement savings,how much will Les have in his retirement account 30 years from now?

• A)$389,406.19
• B)$401,005.25
• C)$540,311.67
• D)$566,190.22
• E)$603,289.01

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Definitions:

Occipital Lobe

A region of the brain located at the back of the head responsible for processing visual information.

Occipital Lobe

The area of the cerebral cortex found in the brain's posterior region, tasked with handling visual data.

Body Perception

The awareness and understanding of one's own body and its position in space, often concerning body image and physical self-concept.

Fine Movements

Precise and controlled movements usually involving the coordination of small muscle groups, such as those in the fingers and hands.