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Twenty years ago, Max invested $ 1 0 , 0 0 0 . Thirty years ago, Julie invested $ 5 , 0 0 0 .
Twenty years ago, Max invested $ Thirty years ago, Julie invested $ Today, both Max and Julie's investments are each worth $ Which one of the following statements is correct concerning their investments? Assume that they will continue earning the same rate of return.
a Max has earned an average annual interest rate of
b Max has earned more interest on interest than Julie.
c Julie has earned an average annual interest rate of
d Two years from now, Max's investment will be worth more than Julie's.
e Last year, Julie's investment was worth more than Max's.
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