You Invest $1,000 at Age 20 at an Annual Rate

question 36

Multiple Choice

You invest $1,000 at age 20 at an annual rate of return of 12%.By the time you are 62 you will have amassed approximately

• A)$47,040.
• B)$67,214.
• C)$116,723.
• D)$504,000.

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Definitions:

FSH

Follicle-stimulating hormone, a gonadotropic hormone produced by the anterior pituitary gland that promotes the growth of ovarian follicles in females and spermatogenesis in males.

Pubic Hair

Body hair that grows on the genital area after reaching puberty.

DHEA

Dehydroepiandrosterone, a hormone produced by the adrenal glands, involved in the production of sex hormones and associated with aging and health.

Process Information

The act of taking in, interpreting, and understanding information through cognitive processes.