You Started Your First Job After Graduating from College

question 156

Multiple Choice

You started your first job after graduating from college. Your company offers a retirement plan for which the company contributes 25 percent of what you contribute each year. You expect to contribute $5,000 per year from your salary. You decide to invest the contributions in assets that you expect to earn 8 percent per year. If you plan to retire in 35 years, how big will you expect that retirement account to be?

• A) $861,584.02
• B) $921,597.31
• C) $972,110.74
• D) $1,076,980.02

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Definitions:

Phosphoglyceraldehyde (PGAL)

A three-carbon sugar molecule that serves as an intermediate in several central metabolic pathways, importantly in photosynthesis and glycolysis.

Glucose

A simple sugar that is an important energy source in living organisms and is a component of many carbohydrates.

Aerobic Respiration

A process of producing cellular energy involving oxygen. Cells break down food in the mitochondria in a long, multistep process that produces roughly 36 ATP.

Oxaloacetate

A four-carbon molecule that plays a vital role in the citric acid cycle (Krebs cycle) and gluconeogenesis, involved in energy production and glucose synthesis.