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1) Dan has two ideas for saving money for retirement.Both ideas have an annual return of 12%.For the first plan, Dan deposits $1200 a year
1)
Dan has two ideas for saving money for retirement.Both ideas have an annual return of 12%.For the first plan, Dan deposits $1200 a year into the Mutual Fund.For the second plan, Dan deposits $100 a month into Investments Fund.
If Dan makes this investment for 30 years, how do the results compare?
Total value of the annual investment? A
Total value of the Investments Fund? B
Increase in savings by monthly investing? B - A
2)
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