{"id":373,"date":"2017-11-07T22:09:02","date_gmt":"2017-11-07T16:09:02","guid":{"rendered":"https:\/\/mcqacademy.com\/en\/mcq\/a-year-ago-you-deposited-30000-into-a-retirement-savings-account-today\/"},"modified":"2017-11-07T22:09:02","modified_gmt":"2017-11-07T16:09:02","slug":"a-year-ago-you-deposited-30000-into-a-retirement-savings-account-today","status":"publish","type":"mcq","link":"https:\/\/mcqacademy.com\/en\/mcq\/a-year-ago-you-deposited-30000-into-a-retirement-savings-account-today\/","title":{"rendered":"A year ago, you deposited $30,000 into a retirement savings account &#8230; today?"},"content":{"rendered":"<p>A year ago, you deposited $30,000 into a retirement savings account at a fixed rate of 5.5 percent. Today, you could earn a fixed rate of 6.5 percent on a similar type account. However, your rate is fixed and cannot be adjusted. How much less could you have deposited last year if you could have earned a fixed rate of 6.5 percent and still have the same amount as you currently will when you retire 38 years from today?<\/p>\n","protected":false},"author":34,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","topic":[70],"subject":[7],"class_list":["post-373","mcq","type-mcq","status-publish","hentry","topic-the-time-value-of-money","subject-corporate-finance"],"mcq_note":"A year ago, you deposited $30,000 into a retirement savings account at a fixed rate of 5.5 percent. Today, you could earn a fixed rate of 6.5 percent on a similar type account. However, your rate is fixed and cannot be adjusted. How much less could you have deposited last year if you could have earned a fixed rate of 6.5 percent and still have the same amount as you currently will when you retire 38 years from today?Answer:$9,234.97 less .","mcq_options":[{"right":"no","answer":"$2,118.42 less"},{"right":"no","answer":"$3,333.33 less"},{"right":"no","answer":"$7,274.12 less "},{"right":"yes","answer":"$9,234.97 less "}],"multi_answers":"no","subject_terms":[{"id":7,"title":"Corporate Finance","slug":"corporate-finance"}],"topic_terms":[{"id":70,"title":"The Time Value of Money","slug":"the-time-value-of-money"}],"_links":{"self":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/mcq\/373","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/mcq"}],"about":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/types\/mcq"}],"author":[{"embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/comments?post=373"}],"wp:attachment":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/media?parent=373"}],"wp:term":[{"taxonomy":"topic","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/topic?post=373"},{"taxonomy":"subject","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/subject?post=373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}