Page 1 of 1
7. Daryl invested $800 per month in a 401k that earned 6% annual return for 30 years. Stephen invested $1,600 per month
Posted: Mon Jul 11, 2022 12:17 pm
by answerhappygod
- 7 Daryl Invested 800 Per Month In A 401k That Earned 6 Annual Return For 30 Years Stephen Invested 1 600 Per Month 1 (115.55 KiB) Viewed 38 times
7. Daryl invested $800 per month in a 401k that earned 6% annual return for 30 years. Stephen invested $1,600 per month in a 401k that also earned 6% annual return, but for 15 years. Which of the following would be true? a) The investment and balance would be the same in the end. b) Stephen's balance would be greater than Daryl's in the end. c) Daryl's balance is $4,595 and Stephen's balance is $3,834. d) Daryl's balance would be greater than Stephen's in the end.