The twins Sarah and Scott both opened retirement accounts on their 21st birthday. Sarah
Chapter 9, Problem 30(choose chapter or problem)
The twins Sarah and Scott both opened retirement accounts on their 21st birthday. Sarah deposits $4,800.00 each year, earning 5.5% annual interest, compounded monthly. Scott deposits $3,600.00 each year, earning 8.5% annual interest, compounded monthly. Which twin will earn the most interest by the time they are 55 years old? How much more?
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