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Future Value At age 30 you invest $2,100 that earns 6.25 percent each year. At age 40 you invest $2,100 that earns 9.25 percent per
Future Value At age 30 you invest $2,100 that earns 6.25 percent each year. At age 40 you invest $2,100 that earns 9.25 percent per year. In which case would you have more money at age 60?
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At age 30 invest $2,100 at 6.25 percent.
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At age 40 invest $2,100 at 9.25 percent.
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Both yield the same amount at age 60.
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There is not enough information to determine which case earns the most money at age 60.
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