Thinking about Sally Saver and Sam Spender, they both invested $2,000 each year in their 401k plans,
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Thinking about Sally "Saver" and Sam "Spender", they both invested $2,000 each year in their 401k plans, but Sally started right away and Sam waited five years to begin his contributions. What was the impact when they both reached retirement at 67 years old?
Approximately a $1,000,000 difference between the accounts
$0 difference between the accounts
Approximately, $500,000 difference between accounts
Approximately a $100,000 difference between the accounts
Approximately a $10,000 difference between the accounts
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Managing Business Ethics Making Ethical Decisions
ISBN: 9781506388595
1st Edition
Authors: Alfred A. Marcus, Timothy J. Hargrave
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