Determine which case earns most money

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Reference no: EM131461155

Future Value At age 25 you invest $2,200 that earns 6.5 percent each year. At age 40 you invest $2,200 that earns 9.5 percent per year. In which case would you have more money at age 60?

a) At age 25 invest $2,200 at 6.5 percent.

b) Both yield the same amount at age 60.

c) At age 40 invest $2,200 at 9.5 percent.

d) There is not enough information to determine which case earns the most money at age 60.

Reference no: EM131461155

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