4susan and kim are twin sisters susan starts investing 100


4.) Susan and Kim are twin sisters. Susan starts investing $100 a month at age 25 and invests for 10 years 35 at 5% compounded monthly. Susan stops investing at age 35, and does not contribute any money for the next 30 years. Kim starts investing at age 30, $150 a month at 5% for 30 years. Now at age 65:
a.) How much money has Susan deposited?
b.) How much money has Kim deposited?
c.) Who has saved the most money? Be sure to give the totals for both sisters

Solution Preview :

Prepared by a verified Expert
Mathematics: 4susan and kim are twin sisters susan starts investing 100
Reference No:- TGS0949014

Now Priced at $30 (50% Discount)

Recommended (92%)

Rated (4.4/5)