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P5-3 Future Value At age 20 you invest $500 that earns 6 percent each year. At age 30 you invest $500 that earns 10 percent
P5-3 Future Value At age 20 you invest $500 that earns 6 percent each year.
At age 30 you invest $500 that earns 10 percent per year.
In which case would you have more money at age 60 (assume annual compounding)?
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