Business, 20.02.2020 23:06 dilly1190

Nan and Neal are twins. Nan invests $5,000 at 7 percent at age 25. Neal Invests $5,000 at 7 percent at age 30. Both investments compound Interest annually. Both twins retire at age 60 and nelther adds nor withdraws funds prior to retirement. Which statement is correct? a) Nan will have less money when she reires than Neal. b) Neal will earn more Interest on Interest than Nan. c) Neal will earn more compound Interest than Nan. d) If both Nan and Neal walt to age 70 to retire they will have equal amounts of savings e) Nan will have more money than Neal at any age.

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Nan and Neal are twins. Nan invests $5,000 at 7 percent at age 25. Neal Invests $5,000 at 7 percent...

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