Transcribed Image Text: Liz and Claire want to make equal payments for the next 30 years. At the end of that time, each person would like to have $300,000. Liz’s

Transcribed Image Text: Liz and Claire want to make equal payments for the next 30 years. At the end of that
time, each person would like to have $300,000. Liz’s bank will give her 6.46%/a
compounded monthly. Claire thinks she can invest her money at 10.3%/a monthly on
the stock market.
If Claire decided to invest the same amount of money as Liz, how much more money
would she have at the end of 30 years?
between $0 and 150,000
between $150,000 and $300,000
between $300,000 and $450,000
more than $450,000

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