Jasmine Has Decided That She Wants to Build Enough Retirement

question 17

Multiple Choice

Jasmine has decided that she wants to build enough retirement wealth that, if invested at 6 percent per year, will provide her with $3,000 of monthly income for 30 years. To date, she has saved nothing but she still has 25 years until she retires. Jasmine believes that she can earn 9 percent on her investments until she retires. How much money does she need to contribute per month to reach her goal?

• A) $446.32
• B) $521.84
• C) $667.13
• D) $722.05

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Definitions:

DSM-5

The Diagnostic and Statistical Manual of Mental Disorders, Fifth Edition, a diagnostic tool used by healthcare professionals in the United States.

Frotteurism

A paraphilic interest in rubbing, usually one's pelvic area, against a non-consenting person for sexual pleasure.

Frotteurist

An individual who achieves sexual arousal by rubbing against non-consenting persons in public places.

Groping

The act of touching or fondling another person in a sexual manner without their consent.