Based on data from past returns,a person age 22 who invests $100 per month in stocks will,by the age of 67,have

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Historically, the stock market has had an average return of about 10%, while CDs have had an average return of about 2-3%. Using a compound interest calculator, investing $100 per month in stocks for 45 years with a 10% return would result in approximately $1,661,228. Conversely, investing $100 per month in CDs with a 2% return would result in approximately $14,570. Therefore, the person who invests in stocks would have approximately 113 times as much as the person who invests in CDs. However, it should be noted that past performance is not a guarantee of future returns and the stock market can be volatile.

Based on Data from Past Returns,a Person Age 22 Who