Gordon and Lisa Estimate That They Will Need $1,875,000 in 40

question 3

Multiple Choice

Gordon and Lisa estimate that they will need $1,875,000 in 40 years for their retirement years.If they can earn 8 percent annually on their funds,how much do they need to save annually?

• A) $7,238
• B) $7,987
• C) $8,103
• D) $9,234
• E) $9,875

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Definitions:

Sexual Object

An object or a person that is the focus of one's sexual desire or attraction.

Oedipus Complex

A Freudian concept in psychoanalytic theory indicating a child's unconscious sexual desire for the opposite-sex parent and jealousy toward the same-sex parent.

Electra Complex

A psychoanalytic theory introduced by Carl Jung, positing that a girl’s psychosexual competition with her mother for possession of her father.

Nonidentical Twins

Twins that develop from two different eggs fertilized by two different sperm, resulting in siblings that are genetically distinct, also known as fraternal twins.