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Suzy plans to save $310 per month for the next 25 years to have a nest egg for retirement. Her sister Stevie has decided to
Suzy plans to save $310 per month for the next 25 years to have a nest egg for retirement. Her sister Stevie has decided to wait and start saving $620 per month for half the time figuring she will do at least as well as her sister with this strategy. Which of the following statements are false ? ( Select all options that apply. You may want to make up an APR and test the options using Excel's FV function.) A. At retirement Stevie will have more money in her savings plan than Suzy, since she is investing more money each month. B. Stevie will have earned more interest than Suzy. C. The ending balance on both accounts
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