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Title: Pat and Jamie are twins. Pat will invest $2,500 on their 20th birthday and the money will accumulate ... Post by: MasterPriapis on Jun 4, 2023 Pat and Jamie are twins. Pat will invest $2,500 on their 20th birthday and the money will accumulate at 12% compounded annually until their 60th birthday. Jamie will wait 10 more years, until they are 30 years old, and will then invest the same amount, $2,500. What annually compounded interest rate will Jamie need to achieve for the investment to catch up to Pat's when they are 60 years old?
▸ 18.93% ▸ 14.14% ▸ 14.89% ▸ 15.00% ▸ 16.31% Title: Re: Pat and Jamie are twins. Pat will invest $2,500 on their 20th birthday and the money will accumulate ... Post by: babolat00 on Jun 4, 2023 Content hidden
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