>> Finance Basics
Ashley began saving $5000 per year from age 25 to age 30 and then invested the funds fro another 30 years. Teeto began saving at age 35 and saved $5000 each year until retirement at age 65. Which of the following statements is correct assuming they invested their funds at 8%?
A) Ashely and teeth will have the same amount of money accumulated at age 65
b) Ashley will have 29% more accumulated than teeth at age 65
C) Teeto will have 12% less than ashley at age 65