How much greater than bills plan was marys plan

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Reference no: EM131506212

Question: 1. Go to your local grocery store to obtain the price of ice cream packaged in different-sized containers. Use this information (along with additional assumptions you feel necessary) to make a recommendation.

2. Consider the savings plans for two investors- we'll call them Mary and Bill-who began investing 10 years apart. Both put the same amount of money aside ($100 per month for 20 years for a total of $24,000). Mary and Bill earned the same interest rate, which was 8% compounded monthly. Mary started her investment at age 35, and Bill started his investment at age 45. By the age of 65, how much greater than Bill's plan was Mary's plan?

Reference no: EM131506212

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