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Scenario A: At age 23 you make a one-time investment of $6,300 that earns 4.0% per year; Scenario B: At age 46 you make a
Scenario A: At age 23 you make a one-time investment of $6,300 that earns 4.0% per year; Scenario B: At age 46 you make a one-time investment of $12,600 that earns 7.0% per year; Under which scenario would you have more money at age 59 and what is the dollar difference at age 59 between the two scenarios?
Scenario A / $25,855
Scenario B / $30,364
Scenario A / $30,364
Scenario B / $25,855
Scenario B / $4,509
Scenario A / $4,509
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