Sydney Saved $10,000 During Her First Year of Work After

question 90

Multiple Choice

Sydney saved $10,000 during her first year of work after college and plans to invest it for her retirement in 40 years. How much will she have available for retirement if she can make 8% on her investment?

• A)$596,250
• B)$453,000
• C)$345,100
• D)$217,250

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Definitions:

North America

A continent located in the Northern Hemisphere, largely bordered by the Atlantic Ocean to the east and the Pacific Ocean to the west.

Minority Group

A sociological group that is differentiated from others in the same society by cultural, national, racial, religious, or linguistic traits and is often subjected to differential treatment.

Social Power

The capacity to influence, control, or manipulate the behavior, emotions, or thoughts of others within a social context, often tied to one's position, resources, or relationships.

Multicultural Model

A framework that encourages the recognition, respect, and incorporation of diverse cultural backgrounds within a society.