You are planning on investing $1,200 per year in your retirement account and are trying to decide between two investment options. One investment earns 9 percent per year, the other investment earns 10 percent per year. What is the difference in your return if you invested $1,200 for 15 years?
Using the present and future value tables in Appendix A, calculate the following: You are planning on investing $1,200 per year in your retirement account and are trying to decide between two investment options. One investment earns 9 percent per year, the other investment earns 10 percent per year. What is the difference in your return if you invested $1,200 for 15 years?
You are planning on investing $1,200 per year in your retirement account and are trying to decide between two investment options. One investment earns 9 percent per year, the other investment earns 10 percent per year. What is the difference in your return if you invested $1,200 for 15 years?