Mathematics
Mathematics, 28.02.2021 03:40, jake9919

Please tell me if this is right!! It's really overdue and no one is answering :( If it's wrong lmk what i did wrong Question:
When Jack turned 21, he decided to start investing $200 a month every year for nine years. At age 30, he decided to stop investing altogether.
Blake started a little later, investing $200 a month every month starting at age 30, all the way until the ripe old age of 67.
Assuming that they were both amazing at investing and made 11% interest per year, how much money will they both have at age 67?


200 x 12 = 2400 per year
Jack:
2400* (1 + 0.11/1) ^ (1*46) = 291788.56346755

Blake:
2400 * (1 + 0.11/1) ^ (1 * 37) = 114067.3775

answer
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