You Started Your First Job After Graduating from College

question 156

Multiple Choice

You started your first job after graduating from college. Your company offers a retirement plan for which the company contributes 25 percent of what you contribute each year. You expect to contribute $5,000 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) $861,584.02
• B) $921,597.31
• C) $972,110.74
• D) $1,076,980.02

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Definitions:

Apportioning Time

The process of allocating or dividing time between different tasks, activities, or responsibilities.

Ending Meetings

The process of concluding a meeting by summarizing key points, assigning action items, and stating the next steps.

Program Activities

Planned events, tasks, or actions designed to achieve specific goals within a program or initiative.

Creativity

The ability to generate innovative ideas and solve problems in novel ways.