Pat and Jaimie Are Twins

Multiple Choice

Pat and Jaimie are twins. They will both invest $2,500 on their 20^th birthday. Pat's money will accumulate at 14% compounded annually for 35 years until their 55^th birthday. Being less of a risk taker Jamie will select an investment that will provide a return of only 8.5% compounded annually. If when they reach age 55, Jamie decides to leave the money growing at 8.5% how many more years will it take for Jamie's investment to reach the value that Pat's will be at age 55?

A) 9.3 years
B) 21.2 years
C) 14.3 years
D) 27.4 years
E) 18.4 years