Pick your finance brains

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Question

Your uncle is 40 years and wishes to retire at 65. He wants to pick your finance brains. He wants to know which of the following options will allow him to have more money when he retires. Option 1 is to invest $10,000 per year for thirteen years, and then leave it untouched for 12 years until he retires. Option 2 is to deposit $6,000 at the end of each year into an investment for 25 years until he retires. Both accounts earn 7.5% per year.

Reference no: EM133495656

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