Bruce and Sharon are the same age and both had pension plans with their place of employment. Sharon started contributing $2500 per year at age 25. Bruce did not start making regular contributions until age 40, but at that point contributed $6500 per year. Sharon's plan earned and annual rate of 4.55% compounded quarterly where as Bruce's plan paid an annual rate of 4.85% compounded semi-annually?
+118667 Bruce and Sharon are the same age and both had pension plans with their place of employment.
Sharon started contributing $2500 per year at age 25.
Sharon's plan earned and annual rate of 4.55% compounded quarterly
Bruce did not start making regular contributions until age 40, but at that point contributed $6500 per year. Bruce's plan paid an annual rate of 4.85% compounded semi-annually.
There is no question here
+118667 Bruce and Sharon are the same age and both had pension plans with their place of employment.
Sharon started contributing $2500 per year at age 25.
Sharon's plan earned and annual rate of 4.55% compounded quarterly
Bruce did not start making regular contributions until age 40, but at that point contributed $6500 per year. Bruce's plan paid an annual rate of 4.85% compounded semi-annually.
There is no question here
