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Jordan and Jeremy, who are twins living in Concord, New Hampshire, took different approaches to investing. Jordan saved $2,500 per year for ten years starting
Jordan and Jeremy, who are twins living in Concord, New Hampshire, took different approaches to investing. Jordan saved $2,500 per year for ten years starting at age 23 and never added any more money to the account. Jeremy saved $2,500 per year for 24 years starting at age 35. Assuming that the brothers earned a 7 percent return, who had accumulated the most by the time they reached age 63? Use Appendix A.1 and Appendix A.3.
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