You Want to Retire with $370 000 in the Bank

question 139

Multiple Choice

You want to retire with $370 000 in the bank and you are able to earn 4.84% compounded quarterly for the next 25 years. You currently have $175 000 saved up. How much more do you have to invest in 15 years in order to achieve your goal?

• A) $100 649.58
• B) $110 649.58
• C) $120 649.58
• D) $130 649.58
• E) $0.00

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Definitions:

Paralinguistics

Aspects of spoken communication that do not involve words themselves but how they are spoken, including tone, loudness, and pitch.

Occulesics

A subdivision of nonverbal communication that focuses on the study of eye behavior, including patterns of eye contact, gazing, blinking, and movements, and their interpretation.

Linguistics

The scientific study of language and its structure, including phonetics, syntax, and semantics.

Kinesics

The study of body movements, gestures, and facial expressions as a form of non-verbal communication.