What Does Shelley Need to Save Monthly to Make Sure

question 77

Multiple Choice

What does Shelley need to save monthly to make sure she is on track to reach her retirement goal of having $440000 saved by the time she reaches age 65? She is 48 years old,has been contributing $400 per month and has $180000 in her RRSP.Assume she will make an annual return of seven percent.

• A)$1275
• B)$336
• C)$1133
• D)$681

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Definitions:

Human Skills

The ability to interact effectively with people, including communication, empathy, and emotional intelligence, crucial for managing teams and personal interactions.

Sales Representatives

Individuals responsible for selling products or services to customers, often directly, and managing customer relationships to achieve sales targets.

Management Function

Essential activities such as planning, organizing, leading, and controlling that managers perform to achieve organizational goals.

Planning

The act of thinking about and organizing the activities required to achieve a desired goal.