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14 Nan and Neal are twins. Nan invests $5,000 at 7 percent at age 25. Neal invests $5,000 at 7 percent at age 30. Both
14 Nan and Neal are twins. Nan invests $5,000 at 7 percent at age 25. Neal invests $5,000 at 7 percent at age 30. Both investments compound interest annually. Both twins retire at age 60 and neither adds nor withdraws funds prior to retirement. Which statement is correct? X 01:42:01 Multiple Choice If both Nan and Neal wait to age 70 to retire they will have equal amounts of savings. Neal will earn more compound interest than Nan. Nan will have more money than Neal at any age. Neal will earn more interest on interest than Nan. Nan will have less money when she retires than Neal
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