"Scenario A: At age 19 you make a one-time investment of $11,000 that earns 3.0% per year; Scenario B: At age 38 you make a one-time investment of $17,700 that earns 6.0% per year; Under which scenario would you have more money at age 55 and what is the dollar difference at age 55 between the two scenarios?"

Answer rating: 100% (QA)

Scenario A involves a onetime investment of 11000 at age 19 with an annual return of 30 while Scenar... View the full answer