Assume Your Goal in Life Is to Retire with Three

question 99

Multiple Choice

Assume your goal in life is to retire with three million dollars. How much would you need to save at the end of each year if interest rates average 5% and you have a 10-year work life?

• A) $15,000
• B) $1,841,740
• C) $238,512
• D) $600,000

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Definitions:

Capitation

A payment structure in which a health maintenance organization pre-pays an annual set fee per patient to a physician.

Managed Care

A health care delivery system designed to manage cost, utilization, and quality, where care is delivered under established guidelines and oversight by a managing organization.

Patient Confidentiality

The ethical and legal duty of healthcare providers to protect the privacy of patients' personal and health information.

Password Security

Practices and measures taken to protect passwords from unauthorized access and ensure account safety.