At age 25 you invest $3,400 that earns 9.5 percent each year. At age 40 you invest $3,400 that earns 12.5 percent per year. In which case would you have more money at age 60?

At age 25 you invest $3,400 that earns 9.5 percent each year. At age 40 you invest $3,400 that earns 12.5 percent per year. In which case would you have more money at age 60?

At age 25 invest $3,400 at 9.5 percent.

At 25: N = 60 − 25 = 35, PV = 3,400, I = 9.5, PMT = 0, CPT FV = 81,465.38
At 40: N = 60 − 40 = 20, PV = 3,400, I = 12.5, PMT = 0, CPT FV = 35,853.32

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