A $3,000 Annual Contribution to a Retirement Account Earning 6

question 9

Multiple Choice

A $3,000 annual contribution to a retirement account earning 6% will be worth approximately _____ in 20 years.

• A) $ 60,000
• B) $ 96,780
• C) $100,000
• D) $110,360
• E) $192,600

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Definitions:

Flattened Vesicles

Flattened, membrane-bound sacs found within cells, often involved in the transport and processing of cellular materials.

Chromalveolates

A supergroup composed of diverse protists with few shared characters; most are photosynthetic, and heterotrophic chromalveolates, such as the water molds and ciliates, probably descended from autotrophic ancestors. Divided into two main groups; see alveolates and stramenopiles.

Euglenoids

A group of mostly freshwater unicellular excavates that move by means of an anterior flagellum and are usually photosynthetic.

Coenocytic

Refers to a type of cell or organism that has multiple nuclei sharing a common cytoplasm, without being divided into individual cells.