What is the dollar difference at age 55 between two scenario

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"Scenario A: At age 19 you make a one-time investment of $11,000 that earns 3.0% per year; Scenario B: At age 38 you make a one-time investment of $17,700 that earns 6.0% per year; Under which scenario would you have more money at age 55 and what is the dollar difference at age 55 between the two scenarios?"

Reference no: EM133122996

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