Question: Question 11: Two twins Lauren & Mallory both will save $2000 at 12% compounded annually. Mallory begins at age 20 and deposits $2000 a year
Question 11: Two twins Lauren & Mallory both will save $2000 at 12% compounded annually. Mallory begins at age 20 and deposits $2000 a year till age 29, for a total of 10 deposits, then does nothing till retirement at age 65 (36 years). How much will Mallory have at age 65? Lauren begins at age 29 depositing $2000 a year until retirement at age 65 (37 deposits). How much will Lauren have at retirement
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
