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Future Value At age 25 you invest $3,200 that earns 9 percent each year. At age 35 you invest $3,200 that earns 12 percent per

Future Value At age 25 you invest $3,200 that earns 9 percent each year. At age 35 you invest $3,200 that earns 12 percent per year. In which case would you have more money at age 60?

Multiple Choice

  • 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 35 invest $3,200 at 12 percent.

  • At age 25 invest $3,200 at 9 percent.

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