Future Value At age 20 you invest $1,000 that earns 7 percent each year.At age 30 you invest $1,000 that earns 10 percent per year.In which case would you have more money at age 60?
A)At age 20 invest $1,000 at 7 percent.
B)At age 30 invest $1,000 at 10 percent.
C)Both yield the same amount at age 60.
D)There is not enough information to determine which case earns the most money at age 60.

Question

Quizplus · Accepted Answer

The Answer of Future Value At age 20 you invest $1,000 that earns 7 percent each year.At age 30 you invest $1,000 that earns 10 percent per year.In which case would you have more money at age 60?
A)At age 20 invest $1,000 at 7 percent.
B)At age 30 invest $1,000 at 10 percent.
C)Both yield the same amount at age 60.
D)There is not enough information to determine which case earns the most money at age 60.

Future Value at Age 20 You Invest $1,000 That Earns