Carlos plans to make regular savings contributions of $7,900 per year to his retirement account. His first regular contribution to his retirement account is expected later today and his last regular contribution is expected in 6 years. In addition, he also plans to make a one-time, special contribution of $27,000 to his retirement account in 2 years from today. Carlos expects to earn 12.6 percent per year in his retirement account and he plans to retire in 7 years. How much money does Carlos expect to have in his account when he retires? g

cognitive overload: having a lot on your mind impairs decision-making and tends to result in the simplest, but not necessarily best, option being selected.

empathy gaps: overlooking how you might feel in a different situation can result in unnecessary purchases, such as overbuying when shopping for food on an empty stomach.

optimism and overconfidence: wearing rose-tinted glasses and having unrealistic expectations about the future can affect money management and leave you unprepared for a change in circumstance.

instant gratification: seeking instant gratification drives impulsive spending and can undermine long-term planning and savings.

harmful habits: automatic or mindless behaviour can amplify a poor financial decision as it becomes a recurring event.

social norms: we are heavily influenced by the actions of others; while this can be in certain circumstances, it also contributes to the pressure to keep up with the joneses through conspicuous consumption.

answer///the stewardship worldview;

answer (b); /// a method of measuring the opinions of a large group of people by selecting a subset of the larger group, asking them a set of questions and then generalizing those responses;