
Understanding Withdrawals in Retirement Accounts

Interactive Video
•
Mathematics
•
9th - 10th Grade
•
Hard

Aiden Montgomery
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main question being addressed in the video regarding the retirement account?
How long the money will last after retirement
How to open a retirement account
How to increase the account balance
How to calculate interest rates
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does it mean when the account balance reaches zero?
The account is overdrawn
The account has been closed
All funds have been withdrawn
The account is earning interest
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is it important to consider decimal values when calculating how long the money will last?
To avoid bank fees
To ensure precise withdrawal amounts
To calculate interest accurately
To determine the exact month when funds run out
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the calculated result is 174.14 months, what does this imply about the withdrawals?
Withdrawals can continue indefinitely
Withdrawals must stop immediately
Withdrawals can continue for 175 months
Withdrawals can continue for 174 months
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is the answer 175 months instead of 174 months?
Because withdrawals are made twice a month
Because the question asks for months with any money left
Because the account balance is negative
Because the account earns interest
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does the wording of the question affect the interpretation of the result?
It changes the withdrawal amount
It affects the rounding of the result
It influences the number of months calculated
It determines the interest rate applied
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What would change if the question asked for the number of full withdrawals possible?
The answer would remain the same
The answer would be 175
The answer would be 176
The answer would be 174
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