Jesse age 20 plans to save 3000 a year for 10 years, Financial Management

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Jesse age 20 plans to save 3000 a year for 10 years

Jesse, age 20, plans to save $3,000 a year for 10 years starting at age 24. Alicia, age 20, plans to save $3,000 a year for 10 years starting at age 31. Both expect to earn the same rate of return. Which plan is better given that neither of these individuals wishes to spend any of their savings until they reach age 60?

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