Essay
Worker A annually invests $1,000 in an IRA for nine years (ages 27 through 35)and never makes another contribution. Worker B annually invests $1,000 in an IRA for thirty years (ages 36 through 65). Which worker will have more in his or her account when he or she retires if they both earn 8 percent on their investments, assuming both investors work for a duration of thirty years?
Correct Answer:

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Worker A: $1,000(12.488)(10,063)=$125,66...View Answer
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