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TB MC Qu. 05-45 Duane and Thad plan... Duane and Thad plan on retiring 27 years from today and plan to have the same amount

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TB MC Qu. 05-45 Duane and Thad plan... Duane and Thad plan on retiring 27 years from today and plan to have the same amount saved at that time. In preparation for this, Duane is depositing $15,000 today at an annual interest rate of 5.2 percent. How will Thad's deposit amount vary from Duane's if Thad also makes a deposit today but earns an annual interest rate of 6.2 percent

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