Two Brothers Each Open IRAs in 2009 and Plan to Invest

question 33

Multiple Choice

Two brothers each open IRAs in 2009 and plan to invest $3,000 per year for the next 30 years.John makes his first deposit on January 1,2009,and will make all future deposits on the first day of the year.Bill makes his first deposit on December 31,2009,and will continue to make his annual deposits on the last day of each year.At the end of 30 years,the difference in the value of the IRAs (rounded to the nearest dollar) ,assuming an interest rate of 7% per year,will be

• A) $19,837.
• B) $12,456.
• C) $6,300.
• D) $210.

---

Definitions:

Manhood

Manhood is a term associated with the qualities, attributes, and roles deemed by society to be characteristic of adult men, encompassing both biological and social aspects.

Misogyny

A deep-seated prejudice or disdain against women, manifesting through discrimination, hostility, and violence towards women.

Homophobia

Prejudice, fear, or discrimination against homosexual individuals and homosexuality.

Cultural Definition

This encompasses the shared meanings, values, norms, and practices of a particular group that guide their behavior and interpretation of the world, often distinguishing one culture from another.