If You Were to Deposit $2,000 in an IRA That

question 24

Multiple Choice

If you were to deposit $2,000 in an IRA that would earn interest of 7.5%,compounded quarterly for 18 years,how much would you have accumulated?

• A)$9,621
• B)$36,000
• C)$22,419
• D)$12,363
• E)$7,619

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Definitions:

Volatility

A statistical measure of the dispersion of returns for a given security or market index, often associated with the level of risk involved.

Probability Range

A span of values within which a probable outcome is expected to occur, often expressed as a percentage.