Two sisters, Kristen and Kasey, took different life paths after high school. Kristen the first child, took
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Question:
After trying a few different education and career options, she started her family having three boys over the next ten years. She struggled paying bills while her family was young, but eventually started her career making a healthy paycheck. She then started contributing to an investment account at $100 per week for the next 20 years. Both earned an average return of 7% compounded weekly?
Please calculate the following:
1) What was Kristen's total investment, not including interest? What was Kasey's total investment, not including interest? After ten years, how much did Kristen accumulate in her investment account? After twenty years, how much did Kasey accumulate in her investment account? If Kristen didn't spend any of her investment, how much did she accumulate over the next?
Related Book For
Project Management The Managerial Process
ISBN: 9781260570434
8th Edition
Authors: Eric W Larson, Clifford F. Gray
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