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Title: Pat and Jamie are twins. They will both invest $2,500 on their 20th birthday. Pat's money will ... Post by: knoeller33 on Jun 4, 2023 Pat and Jamie are twins. They will both invest $2,500 on their 20th birthday. Pat's money will accumulate at 14% compounded annually for 35 years until their 55th birthday. Being less of a risk taker Jamie will select an investment that will provide a return of only 8.5% compounded annually. If when they reach age 55, Jamie decides to leave the money growing at 8.5% how many more years will it take for Jamie's investment to reach the value that Pat's will be at age 55?
▸ 9.3 years ▸ 21.2 years ▸ 14.3 years ▸ 27.4 years ▸ 18.4 years Title: Re: Pat and Jamie are twins. They will both invest $2,500 on their 20th birthday. Pat's money will ... Post by: crusherpsg on Jun 4, 2023 Content hidden
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