At age 35 you invest 1600 that earns 115 percent per year


Future Value At age 25 you invest $1,600 that earns 8.5 percent each year. At age 35 you invest $1,600 that earns 11.5 percent per year. In which case would you have more money at age 60?

At age 25 invest $1,600 at 8.5 percent. 

At age 35 invest $1,600 at 11.5 percent. 

Both yield the same amount at age 60. 

There is not enough information to determine which case earns the most money at age 60.

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Financial Management: At age 35 you invest 1600 that earns 115 percent per year
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