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Question 1 12.5 pts James, Neal, and Thomas are triplets. James invests $5,000 at 7 percent when he is 25 years old. Neal invests $7,000
Question 1 12.5 pts James, Neal, and Thomas are triplets. James invests $5,000 at 7 percent when he is 25 years old. Neal invests $7,000 at 7 percent when he is 30 years old. Both of these investments compound interest annually. Thomas invests $5,000 at 7 percent (semi-annual compounding) when he is 25 years old. Each man will retire at age 60. A. Who will have more money in their accounts at the time of retirement? (show work) B. Why did James earn less than Thomas? Edit View Insert Format Tools Table
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