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GoodMad_ GoodMad_
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7 years ago
You are deciding whether to start a 40-year retirement investing plan now, or ten years from now. You think rates of return will be about the same in the future as they are now. Discussion in the text of this decision shows
A) the same facts as in response b, but the accumulation is only 10% greater.
B) an investment made now will accumulate about 20% more (at a 10% rate of interest, compounded annually) than the investment made later.
C) very little difference in the future value of an investment made now versus one made 10 years from now.
D) that you will accumulate more in the additional 10 years than you do for the first 30 years.
Textbook 
Personal Finance: An Integrated Planning Approach

Personal Finance: An Integrated Planning Approach


Edition: 8th
Author:
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bzapianbzapian
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7 years ago
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GoodMad_ Author
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#2
7 years ago
Another one bites the dust, as in, it's right Smiling Face with Open Mouth
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