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Newly married couple Bob and Shirley have differing investment philosophies. Bob believes he can save $1,000,000 faster by investing $8,000 per year in a conservative

  1. Newly married couple Bob and Shirley have differing investment philosophies. Bob believes he can save $1,000,000 faster by investing $8,000 per year in a conservative investment earning 4% annually. Shirley believes she can save $1,000,000 faster by investing only $4,000 per year in an S&P 500 Index Fund earning 8% annually. Which one will reach $1,000,000 first?

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