subject
Mathematics, 29.04.2021 02:10 ABrabbit732

Meet Jack and Jill, twenty year-old twins who just graduated from college, Jill immediately upon entering the work force, began contributing $6,000 a year to a stock mutual fund and continued to do so for the next ten years, until she got married
and found more pressing uses for her money. Jack on the other hand married his college sweetheart immediately upon
graduating and soon after started a family and didn’t start investing until he was thirty. Then he too contributed $6,000 a
year to the same stock fund and he continued doing so until he retired at age sixty-five. All told, Jack invested a total of $210,000 while Jill only contributed
$60,000.
a) At age sixty-five, which of the two siblings had the most money assuming they earned an average rate of return equal to 7% a year? (by how much?)
b) If Jill did not stop investing, how much would she have?

ansver
Answers: 3

Another question on Mathematics

question
Mathematics, 21.06.2019 17:30
Adozen bananas weigh 3 pounds how many ounces does 1 banana weigh
Answers: 1
question
Mathematics, 21.06.2019 18:00
What is the missing step in this proof ?
Answers: 1
question
Mathematics, 21.06.2019 18:30
Use δjkl and δmpn to determine whether don's claim is true or false. which of the following should don use to prove the triangles are similar? sss sas aas aa
Answers: 1
question
Mathematics, 21.06.2019 19:30
At the electronics store you have a coupon for 20% off up to 2 cds you buy for cds with the original cost of $10.99 each the sales tax is 5% what is the total cost of your purchase
Answers: 1
You know the right answer?
Meet Jack and Jill, twenty year-old twins who just graduated from college, Jill immediately upon ent...
Questions
question
Mathematics, 29.01.2022 20:40
question
Mathematics, 29.01.2022 20:40
Questions on the website: 13722363