Twins graduate from college together and start their careers.

Twin 1 invests $2000 at the end of each of their first 8 years of working in an account that earns 10% compounded annually. After those initial 8 years, no additional contributions are made but the investment continues to earn 10% compounded annually for the next 36 years (to age 65).

Twin 2 invests no money for the first 8 years but then contributes $2000 at the end of each year for the next of 36 years (to age 65) to an account that pays 10% compounded annually.

On your paper:

• Copy the chart.
• Below the chart, show the work necessary to complete the chart. Label your work.
  • You should have work for every part, except part A, which is stated in the problem.
• Complete the chart.
  • Round to nearest cent, meaning 2 decimal places, and label money with $.
• Answer the questions below the chart.

		Twin 1	Twin 2
A.	Number of years twin contributed to their account
B.	Total amount in account at age 65
C.	Total amount twin actually contributed to their account
D.	Total amount of interest earned

E. Based only on the information above, which twin made the better choice in terms of their investment? Explain your answer based on the chart info. Answer in complete sentences.

F. Share thoughts on the info in your chart. (Such as: Are you surprised by the answer? Does it make sense, logically, to you? Can you explain the result?) Answer in complete sentences.