If You Invested $10 000 When You Turned 20 Years

question 31

True/False

If you invested $10 000 when you turned 20 years of age and received a return of 11 percent annually,you would have over two million dollars when you turned 70.

---

Definitions:

Flexible Benefit Plans

Benefits programs that allow employees to choose from a range of options to create a package that best suits their needs and lifestyle.

Benefit Costs

The expenses borne by employers for the non-wage compensations provided to employees, such as health insurance, pensions, and paid leave.

Entitlement Approach

A method in economic policy or welfare economics where benefits are distributed based on set criteria, often used to ensure that basic needs are met.

Effective Benefit System

A well-designed set of employee benefits that support the wellbeing of employees and contribute to job satisfaction and retention.