Scenario A: at Age 27, You Invest $1,500 That Earns

Multiple Choice

Scenario A: At age 27, you invest $1,500 that earns 9 percent each year. Scenario B: At age 40, you invest $2,500 that earns 11 percent per year. Under which scenario do you accumulate more money by age 60?

A) Scenario A
B) Scenario B
C) Both scenarios have the same value by age 60.
D) Need more data to answer.