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Future Value At age 25 you invest $3,000 that earns 8.5 percent each year. At age 40 you invest $3,000 that earns 11.5 percent per
Future Value At age 25 you invest $3,000 that earns 8.5 percent each year. At age 40 you invest $3,000 that earns 11.5 percent per year. In which case would you have more money at age 60?
Both yield the same amount at age 60.
There is not enough information to determine which case earns the most money at age 60.
At age 25 invest $3,000 at 8.5 percent.
At age 40 invest $3,000 at 11.5 percent.
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