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Eddy, age 20, plans to deposit $30,000 at age 24. Raquel plans to deposit $45,000 starting at age 31. Both expect to earn 7.5 percent

Eddy, age 20, plans to deposit $30,000 at age 24.

Raquel plans to deposit $45,000 starting at age 31.

Both expect to earn 7.5 percent per year.

Which plan is better given that neither of these individuals wishes to spend any of their savings until they reach age 60?

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