Who Will End Up with the Largest Amount of Money

question 20

Multiple Choice

Who will end up with the largest amount of money invested at an annual rate of return of 9% over the next 42 years?

• A)Jim saves $1,200 per year for the first 14 years and then stops putting any new money into the account for the remaining 28 years.
• B)Jeremy saves nothing for the first 14 years and saves $1,200 per year for the next 14 years and then puts no more money into the account during the last 14 years.
• C)Jerry saves nothing for the first 14 years and then saves $1,200 per year for the remaining 28 years.
• D)Joey saves nothing for the first 14 years and then saves $1,500 per year for 14 years then stops putting any new money into the account for the remaining 14 years.
• E)John saves nothing for the first 10 years and saves $1,500 per year for the remaining 32 years.

---

Definitions:

Social Definition

The process by which society collectively assigns meanings, categorizations, or values to certain behaviors, concepts, or conditions.

Social Definitions

Social definitions entail the meaning or interpretation of concepts, terms, or phenomena as understood and shared by a society or cultural group.

Los Angeles Riot

A series of riots that occurred in Los Angeles in 1992, sparked by the acquittal of police officers videotaped beating Rodney King, highlighting racial tensions.

Labeling

A theory in sociology that focuses on how the identity and behavior of individuals may be determined or influenced by the terms used to describe or classify them.