Question
Pat and jaimie are twins they will both invest $2,500 on their 20th birthday pat's money will accumulate at 14 compounded annually for 35 years
Pat and jaimie are twins they will both invest $2,500 on their 20th birthday pat's money will accumulate at 14 compounded annually for 35 years until their 55th birthday being less of a risk taker jamie will select an investment that will provide a return of only 85 compounded annually if when they reach age 55, jamie decides to leave the money growing at 85 how many more years will it take for jamie's investment to reach the value that pat's will be at age 55?
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Principles of economics
Authors: N. Gregory Mankiw
6th Edition
978-0538453059, 9781435462120, 538453052, 1435462122, 978-0538453042
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