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Tom and Laura each invest $20,000 today. Tom is more conservative and invests his money in an account that is expected to earn 6% a
Tom and Laura each invest $20,000 today. Tom is more conservative and invests his money in an account that is expected to earn 6% a year. Laura is an aggressive investor and invests her money in an account that is expected to earn 12.5% a year. Assume Tom and Laura each earn their expected rates of return. After ten years, how much more money will Laura have than Tom?
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