You have just made your first $5,500 contribution to your retirement account. Assume you earn a return of 10 percent per year and make no additional contributions. a. What will your account be worth when you retire in 45 years

$400,897.66

Explanation:

Assuming that no further contributions will be made and that interest is compounded annually, the expression that describes the future value of a principal amount 'P', deposited at an annual rate 'r', for a period of 'n' years is:

For a 45-year $5,500 investment at a rate of 10% per year, the future value is:

The account will be worth $400,897.66 when you retire.

there was no passage listed but using the process of elimination i'd say it was d. the high economy would do the opposite. i don't see how low prices would affect it. high unemployment is possible but i feel d is the better answer.