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TB 05-270 Susie and Tim are twins. Susie invests $5,00 John and George are cousins that are the same age but with different savings goals.

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TB 05-270 Susie and Tim are twins. Susie invests $5,00 John and George are cousins that are the same age but with different savings goals. When John is 20 years old, he starts investing $5,000 earning 5% compound interest. George has no plan and starts investing at 40 years old. In order to reach his retirement goals, he invests $10,000 earning 5% compound interest. Based on this fact pattern, which cousin will have more money at retirement? With the same investing pattern, will they ever have an equal amount saved? Explain

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