99-1 Vs 50-50
Mario and Luigi each invest $100 into a mutual fund that earns 5% a year.
After each year, Mario reinvests 99% of his interest earned and withdraws 1% of his interest earned.
After each year, Luigi reinvests 50% of his interest earned and withdraws 50% of his interest earned.
After how many years will Mario have withdrawn an equal amount of interest earned to Luigi?
Subscribe to:
Posts (Atom)
-
I remember playing Karate Champ in the arcades and on the NES. It was fun, but it was too inconsistent. Too often, I would punch or kick m...
-
They should change the requirements for earning Performance Points. Performance Points should be given for activities such as damage done to...
-
Imagine a New Wii U. It would have a faster processor and more powerful specs in general than the original. Just like when comparing the 3D...
