Leo (25years old) wants to invest for retirement in a vegan product company called VegFood

Leo (25years old) wants to invest for retirement in a vegan product company called VegFood, VegFood pays an annual (nominal) interest rate of (i=7%), if the interest were to be compounded monthly what would be the amount accumulated for Leo's retirement at seventy five years old if he invested 25K at twenty five years old? If he waited instead and invested the same amount at forty five, how much less would the future value be?

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jeff jeffy answered 2 years ago

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