You Are Currently 25 and Would Like to Retire at Age

question 28

Multiple Choice

You are currently 25 and would like to retire at age 45. You plan to save by making equal investments of $10,000 at the end of each year for the next 20 years. If you are able to earn 8% per year on your investments, how much will you have at the end of the 20 years? Please refer to the table below:

• A)$216,000
• B)$200,000
• C)$457,600
• D)$576,900

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Definitions:

Physiological Instruments

Tools and devices used to measure and monitor bodily functions in the study or treatment of physiological processes.

Objective Environmental Stimulus

A physical event or change in the environment that can be measured and observed independently of individual subjective experiences.

Fight or Flight

A physiological response to perceived harmful events, attacks, or threats to survival, activating the sympathetic nervous system to prepare the body for fleeing or fighting.

Nonhuman Animal Behaviors

The study of behaviors exhibited by animals other than humans, including instinctual and learned actions.