At age 20 you invest $2,500 that earns 10.75 percent each year. At age 30 you invest $2,500 that earns 13.75 percent per year. In which case would you have more money at age 60?

At age 20 you invest $2,500 that earns 10.75 percent each year. At age 30 you invest $2,500 that earns 13.75 percent per year. In which case would you have more money at age 60?

 

At age 20 invest $2,500 at 10.75 percent.

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At 20: N = 60 − 20 = 40, PV = 2,500, I = 10.75, PMT = 0, CPT FV = 148,487.33
At 30: N = 60 − 30 = 30, PV = 2,500, I = 13.75, PMT = 0, CPT FV = 119,256.53