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Future Value At age 20 you invest $1,200 that earns 7.5 percent each year. At age 35 you invest $1,200 that earns 10.5 percent per
Future Value At age 20 you invest $1,200 that earns 7.5 percent each year. At age 35 you invest $1,200 that earns 10.5 percent per year. In which case would you have more money at age 60?
a) There is not enough information to determine which case earns the most money at age 60.
b) Both yield the same amount at age 60.
c) At age 35 invest $1,200 at 10.5 percent.
d) At age 20 invest $1,200 at 7.5 percent.
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