|
Sam
and Larry, the twins, aged 22.
|
 |  |  |
| Smart
Sam deposits $3,000 per year for 9 years |
Larry
the "Late" twin was always procrastinating, and never
saved a penny in the same 9 years |
| Sam
decided to stop investing and leaves the money to grow at 8% |
Larry
then decided to start investing $3,000 per year and does so for 34
years, earning 8% return |
| Age
65: Sam's money has grown to $553,898 |
Age
65: Larry's money has grown to $513,950 |
| Sam
only deposited (invested) a total of
$27,000. His return is shown below: |
Larry
started late and deposited (invested) $102,000. His return is shown
below: |
| $526,898 | $411,950 |
| See figures | See figures |
Fiscal Agents Knowledge Bank
