Question: Chloe plans to save $250 a quarter, starting immediately, for 20 years. Lynn plans to save $250 a quarter for 20 years, starting three months
Chloe plans to save $250 a quarter, starting immediately, for 20 years. Lynn plans to save $250 a quarter for 20 years, starting three months from today. Both Chloe & Lynn will earn a return of 5.5% APR on their savings. At the end of the 20 years, how much more will either Chloe or Lynn have?
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