William, starts saving $4,000 a year (about $333.33 per month) when he is 20 and stops after 20 years, after having saved $80,000.--45 years until he's 65
His brother, James, starts saving $4,000 at 40, and does so for 25 years, for a total of $100,000 saved.
231,653.79
Interest earned during the time that he has put in his monthly 20-40
$155,244.76--$666,000
They earn 6% on their savings.
At age 65, William will have $____ in his account, while James will have $_____ . Despite having saved less, William's nest egg will be almost four times greater because of compounding
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