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Neal and Nan are twins. Neal invests $5,000 at 7 percent at age 25. Nan invests $5,000 at 7 percent at age 30. Both investments
Neal and Nan are twins. Neal invests $5,000 at 7 percent at age 25. Nan invests $5,000 at 7 percent at age 30. Both investments compound interest semiannually. Both twins retire at age 60 and neither adds nor withdraws funds prior to retirement. Which statement is correct? O Neal will have less money when she retires than Nan Neal will have more money than Nan at any age O Nan will earn more interest on interest than Neal If both Nan and Neal wait to age 70 to retire they will have equal amounts of savings Next
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