You Started Your First Job After Graduating from College

question 28

Multiple Choice

You started your first job after graduating from college. Your company offers a retirement plan for which the company contributes 50 percent 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 percent 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:

Invasive Species

Organisms that are introduced to a new habitat, where they proliferate, often harming native species and ecosystems.

Natural Balance

The state of equilibrium in natural systems, achieved through the interdependence and interactions among organisms and their environment.

Native Species

Species that have originated and evolved in a specific geographical area without human intervention.

Particular Community

A specific group of individuals or populations living in a common geographical area or sharing similar characteristics or interests.