Quiz Ch 05 – Comparing Investments of Two Individuals

Fundamentals of Corporate Finance

Ross, Westerfield, and Jordan

13th Edition

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Sophia and Mallory are the same age. Sophia invests $6,000 at 7 percent, compounded annually, at age 25, while Mallory invests the same amount at the same interest rate, compounded annually, at age 30. Who will have more money when they both reach age 60, assuming all else is constant?

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