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2 May, 19:23

Worker A annually invests $1,000 in an IRA for nine years (ages 27 through 35) and never makes another contribution. Worker B annually invests $1,000 in an IRA for thirty years (ages 36 through 65). Which worker will have more in his or her account when he or she retires if they both earn 8 percent on their investments

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  1. 2 May, 19:43
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    Answer: Workers B

    Explanation: worker A will earn $720 for the 9 years while worker B will earn $2,400 for 30 years
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