Mark Would Like to Retire in 25 Years

question 43

Multiple Choice

Mark would like to retire in 25 years. If he deposits $10,000 at the end of each of the next 25 years into an account earning 7% interest, how much will he have in this account at the end of 25 years?

• A)$250,000
• B)$758,292.17
• C)$632,490.40
• D)$291,339.50

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Definitions:

Assembly Line

A manufacturing process in which parts are added to a product in a sequential manner to create a finished product efficiently.

Fight-or-Flight Response

A physiological reaction that occurs in response to a perceived harmful event, attack, or threat to survival.

Parasympathetic Nervous System

Part of the automatic nervous system responsible for regulating the body's unconscious actions and helps to conserve energy and restore the body to a state of calm.

Role Ambiguity

The uncertainty and lack of clarity about the expectations, responsibilities, or execution of a particular role within an organization.