Assuming interest 2%. Corie future value would be $94,788.21, and Devon's future value would be $77,921.99. This

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Assuming interest 2%. Corie future value would be $94,788.21, and Devon's future value would be $77,921.99. This is not a good strategy because Devon is investing the double amount but in just half of the time. The longer the interest is being compounded, the more you will earn. In the end Corie's retirement account balance will be aprox. 21.64% more than Devon's account balance

Posted Date: May 18, 2024 02:14 PM

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Assuming interest 2%. Corie future value would be $94,788.21, and Devon's future value would be $77,921.99. This

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