You Want to Retire with $400 000 in the Bank

question 147

Multiple Choice

You want to retire with $400 000 in the bank and you are able to earn 6% compounded quarterly for the next 25 years. How much money do you have to invest today in order to achieve your goal?

• A) $90 251.78
• B) $90 251.77
• C) $90 001.78
• D) $90 201.77
• E) $90 001.77

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Definitions:

Amino Acid

Organic compounds that serve as the building blocks of proteins, essential for various bodily functions.

Glutamate

An important neurotransmitter in the brain involved in learning, memory, and the regulation of the nervous system.

GABA

Gamma-Aminobutyric Acid, a neurotransmitter in the brain that inhibits nerve transmission, reducing neuronal excitability throughout the nervous system.

Agonist

A chemical or drug that binds to receptors in the brain and causes a reaction, often mimicking the action of naturally occurring substances.