At age 25 you invest $1,500 that earns 8 percent each year. At age 40 you invest

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At age 25 you invest $1,500 that earns 8 percent each year. At age 40 you invest $1,500 that earns 11 percent per year. In which case would you have more money at age 65?

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FV Age 65 PV Age 25 1 i Years until age 65 FV Age 65 1500 108 40 1500 217245215 3258678 Or ...View the full answer

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Finance Applications and Theory

ISBN: 978-0077861681

3rd edition

Authors: Marcia Cornett, Troy Adair

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Question Posted: Sep 23, 2014 10:25 AM

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At age 25 you invest $1,500 that earns 8 percent each year. At age 40 you invest

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FV Age 65 PV Age 25 1 i Years until age 65 FV Age 65 1500 108 40 1500 217245215 3258678 Or ...View the full answer

Finance Applications and Theory

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