You Started Your First Job After Graduating from College

question 77

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 $2,000 per year from your salary. You decide to invest the contributions in assets that you expect to earn 10 percent per year. If you plan to retire in 40 years, how big will you expect that retirement account to be?

• A) $442,592.56
• B) $885,185.11
• C) $1,327,777.67
• D) $1,527,787.70

---

Definitions:

Corn Prices

The cost at which corn is bought or sold, which can fluctuate based on factors like supply, demand, and market conditions.

Supply and Demand Curves

Graphical representations used in economics to show the relationship between the quantity of a good that producers wish to sell at various prices and the quantity that consumers wish to buy.

Decrease in Demand

A reduction in the quantity of a product or service that consumers are willing or able to purchase at a given price.

Quantity Supplied

The amount of a good or service that producers are willing to sell at a given price over a specified period.