At age 35 you invest 1600 that earns 115 percent per year, Financial Management

At age 35 you invest 1600 that earns 115 percent per year

Future Value At age 25 you invest $1,600 that earns 8.5 percent each year. At age 35 you invest $1,600 that earns 11.5 percent per year. In which case would you have more money at age 60?

At age 25 invest $1,600 at 8.5 percent.

At age 35 invest $1,600 at 11.5 percent.

Both yield the same amount at age 60.

There is not enough information to determine which case earns the most money at age 60.

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Financial Management: At age 35 you invest 1600 that earns 115 percent per year

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Financial Management: At age 35 you invest 1600 that earns 115 percent per year

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