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17 votes
Compound Interest

When Jack turned 21, he decided to start investing $200 a month every year for nine years. At age 30, he decided to stop investing altogether.

Blake started a little later, investing $200 a month every month starting at age 30, all the way until the ripe old age of 67.

Assuming that they were both amazing at investing and made 11% interest per year, how much money will they both have at age 67?

User Blackdoor
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1 Answer

8 votes

Answer:

Jack $1800 Blake $7400

Explanation:

User Abhishek Dubey
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