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Your twins Laura and Lauren DuJour have worked for the same employer for many years. The have always differed in their investment philosophies toward saving for retirement. Laura invested $5,000 for 10 years starting at age 25 and never added any more money to the account. Lauren invested $5,000 per year for 20 years starting at age 35 and never contributed more to her account. Assuming that they both earn an 8 percent annual return, How much more money will Laura have accumulated for retirement than Lauren by the time they reach age 65?

Use another excel spread sheet to show your answers for each of the twins.

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Financial Management, Finance

Category:- Financial Management
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