Q DR Act: 3.5 Building Wealth

If you invest $200 per month for 20 years at an 8% rate of return, how much will you have?

• $117,803

• $151,873

• $197,850

• $265,366

What is the amount accumulated after 30 years with a $200 monthly investment at a 12% rate of return?

• $298,071

• $452,097

• $698,991

• $1,286,190

How much will you have after 40 years if you invest $200 per month at a 10% rate of return?

• $698,200

• $1,264,815

• $2,352,951

• $1,286,190

For a $200 monthly investment over 15 years, what is the total amount at an 8% rate of return?

• $69,207

• $82,894

• $99,915

• $151,873

What is the amount accumulated after 20 years if you invest $350 per month at an 8% rate of return according to Building Wealth Chart #2?

• $206,157

• $265,779

• $346,239

• $174,852

According to Building Wealth Chart #3, how much will you have after 30 years if you invest $500 per month at a 10% rate of return?

• $1,130,243

• $745,179

• $1,747,480

• $939,422

In Building Wealth Chart #2, what is the total amount after 40 years with a $350 monthly investment at a 12% rate of return?

• $4,117,667

• $2,213,429

• $1,221,853

• $3,162,039

How much will you accumulate after 15 years if you invest $500 per month at an 8% rate of return according to Building Wealth Chart #3?

• $173,018

• $207,235

• $249,789

• $115,019

If your financial goal is to save at least $40,000 in 10 years, what would be the least amount of money you would need to invest per month—and at what anticipated rate of return on your investments?

• $200 at 5%

• $300 at 6%

• $400 at 7%

• $500 at 8%

Having money set aside for retirement is a common long-term financial goal. If your goal is to retire with at least $1 million, how long would it take—and how much would you need to invest each month—if your anticipated rate of return is 10%? At what age could you retire if you started investing at age 25?

• 30 years, $200 per month, age 55

• 35 years, $300 per month, age 60

• 40 years, $400 per month, age 65

• 45 years, $500 per month, age 70