Let's look at the investment performance of three different people, Person A, Person B and Person C. Each of these people invests money in the stock market at 10% interest a year.

Person A mows lawns or whatever and puts 3,000 per year into investments from the time they are 15 until they are 19, and then never puts in another dime.

Person B starts at 19, and puts 3K in a year until they are 26.

Person C starts putting 3K in per year at age 27 and KEEPS PUTTING MONEY IN EVERY YEAR UNTIL THEY ARE 65 YEARS OLD!!!!!! almost 40 years.

Scroll down to see who has more money at age 65 AGE Person A Person A Person B Person B Person C Person C 15 $3,000 $3,300 16 $3,000 $6,930 17 $3,000 $10,923 18 $3,000 $15,315 19 $3,000 $20,147 $3,000 $3,300 20 $22,162 $3,000 $6,930 21 $24,378 $3,000 $10,923 22 $26,815 $3,000 $15,315 23 $29,497 $3,000 $20,147 24 $32,447 $3,000 $25,462 25 $35,691 $3,000 $31,308 26 $39,260 $3,000 $37,738 27 $43,187 $41,512 $3,000 $3,300 28 $47,505 $45,664 $3,000 $6,930 29 $52,256 $50,230 $3,000 $10,923 30 $57,481 $55,253 $3,000 $15,315 31 $63,229 $60,778 $3,000 $20,147 32 $69,552 $66,856 $3,000 $25,462 33 $76,508 $73,542 $3,000 $31,308 34 $84,158 $80,896 $3,000 $37,738 35 $92,574 $88,985 $3,000 $44,812 36 $101,832 $97,884 $3,000 $52,594 37 $112,015 $107,672 $3,000 $61,153 38 $123,216 $118,439 $3,000 $70,568 39 $135,538 $130,283 $3,000 $80,925 40 $149,092 $143,312 $3,000 $92,317 41 $164,001 $157,643 $3,000 $104,849 42 $180,401 $173,407 $3,000 $118,634 43 $198,441 $190,748 $3,000 $133,798 44 $218,285 $209,823 $3,000 $150,477 45 $240,113 $230,805 $3,000 $168,825 46 $264,125 $253,885 $3,000 $189,007 47 $290,537 $279,274 $3,000 $211,208 48 $319,591 $307,201 $3,000 $235,629 49 $351,550 $337,921 $3,000 $262,492 50 $386,705 $371,713 $3,000 $292,041 51 $425,376 $408,885 $3,000 $324,545 52 $467,913 $449,773 $3,000 $360,300 53 $514,705 $494,751 $3,000 $399,630 54 $566,175 $544,226 $3,000 $442,893 55 $622,793 $598,648 $3,000 $490,482 56 $685,072 $658,513 $3,000 $542,830 57 $753,579 $724,364 $3,000 $600,413 58 $828,937 $796,801 $3,000 $663,755 59 $911,831 $876,481 $3,000 $733,430 60 $1,003,014 $964,129 $3,000 $810,073 61 $1,103,315 $1,060,542 $3,000 $894,380 62 $1,213,646 $1,166,596 $3,000 $987,118 63 $1,335,011 $1,283,256 $3,000 $1,089,130 64 $1,468,512 $1,411,581 $3,000 $1,201,343 65 $1,615,363 $1,552,739 $3,000 $1,324,778

Who ends up with more money at the end? What does this tell you about the power of compound interest and why investing money early and leaving it to grow for a long time brings people wealth?

Respond with at least a paragraph.

Then respond to at least two peers.

NOTE: Discussion boards require at least a paragraph (due by Thursday at midnight) and responding to two peers (due by Monday at midnight). Monday at midnight, the discussion board will close, and no further discussions will be accepted late.