Person A who is 20 years old, gives $6000 to their stock fund and continuesto...
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Person A who is 20 years old, gives $6000 to their stock fund and continuesto do so for the next 10 years. Person B started contributing $6000 to the samestock and continues until he is 65. Person B invested a total of $210,000 andperson A only contributed $60,000. At age 65, which of the 2 people had themost money assuming they earned an average rate of return equal to 7%(by how much??)Use Future value= P{(1+r)^t -1}
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