Shaun Barringer Has Started on His First Job

question 87

Multiple Choice

Shaun Barringer has started on his first job. He plans to start saving for retirement. He will invest $5,000 at the end of each year for the next 45 years in a fund that will earn a return of 10 percent. How much will Shaun have at the end of 45 years? (Round to the nearest dollar.)

• A) $2,667,904
• B) $3,594,524
• C) $1,745,600
• D) $5,233,442

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Definitions:

Arbitrarily Formed Groups

Groups formed without any specific rationale or logical reasoning, often for experimental purposes.

Presumed Membership

The assumption or belief that an individual belongs to a certain group or category based on perceived characteristics or stereotypes.

Asian

Pertaining to or originating from Asia, including its peoples, cultures, languages, and societies.

Scapegoating

A psychological or social process where individuals or groups assign blame to others for problems or negative outcomes.