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| Teaching Since: | May 2017 |
| Last Sign in: | 353 Weeks Ago, 2 Days Ago |
| Questions Answered: | 20103 |
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MBA, PHD
Phoniex
Jul-2007 - Jun-2012
Corportae Manager
ChevronTexaco Corporation
Feb-2009 - Nov-2016
Question description
MC Qu. 150 Future Value At age age1 you invest $amt that earns rate1 percen...Future Value At age 25 you invest $1,100 that earns 7.25 percent each year. At age 35 you invest $1,100 that earns 10.25 percent per year. In which case would you have more money at age 60?A. At age 35 invest $1,100 at 10.25 percent.B. Both yield the same amount at age 60.C. At age 25 invest $1,100 at 7.25 percent.D. There is not enough information to determine which case earns the most money at age 60.
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