Mathematics, 24.03.2021 08:00 Courtneymorris19
7. Elizabeth is trying to determine the best way to invest in her retirement. Retirement Saving Plan
#1 will start with $2000 at age 20 and earn 2.8% interest compounded annually. Retirement
Saving Plan #2 will start with $2500 at age 25 and earn 5% simple interest every year.
a) Which retirement plan will she earn the most money by age 65?
b) What is the difference in the afhount of money earned in both plans?
Answers: 3
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7. Elizabeth is trying to determine the best way to invest in her retirement. Retirement Saving Plan...
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