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Session 93867111 Jump to 2 3 4 5 6 numerical question How small savings can be big? Both Paul and Dave are 18 now and
Session 93867111 Jump to 2 3 4 5 6 numerical question How small savings can be big? Both Paul and Dave are 18 now and plan to retire in 47 years at age 65. Every day Paul eats out for $10 while Dave brings his own lunch with a cost around $3. Assume that Dave gets daily compounding on his $7 savings from bringing own lunch every day at an annual rate (APR) of 8%, how much will he have at age 65 from the $7 lunch savings every day? Submit response # Change seat Send a message to the instructor
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