1 i) You open an account that earns 12% interest and start saving $1000 at the end of this year. You have the option increase your saving by 5% each…
1 i) You open an account that earns 12% interest and start saving $1000 at the end of this year. You have the option increase your saving by 5% each year, or keep your contribution constant each year. If you do not increase your savings by 5%, how much less will you have in your account after 15 years than if you increased your contributions? Round your answer […]