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Future Value Two parts. Show calculations: a: Calculate the future values of these investments at age 60 at age 60 given a 4% annual return.
Future Value
Two parts. Show calculations:
a: Calculate the future values of these investments at age 60 at age 60 given a 4% annual return.
1. Start at age 25, invest $2,000 at the end of each year
2. Start at age 35, invest $3,500 at the end of each year
b: Which option provides the greatest return; what is the additional $ return using that option?
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