Al,Ralph,and Stan Are All Intending to Retire

Multiple Choice

Al,Ralph,and Stan are all intending to retire.Each currently has $1 million in assets.Al will earn 16% interest and retire in two years.Ralph will earn 8% interest and retire in four years.Stan will earn 4% interest and retire in eight years.Who will have the largest sum when he retires?

A) Al
B) Ralph
C) Stan
D) They all retire with the same amount.