George is 22 years old, single, and has just started his first job. He saves 5 percent of his monthly
income for retirement. Kirsten is 30 years old and married with two children. She will start saving 6
percent of her income for retirement when she turns 35. Which person will have more money at age 6
if all other factors are the same?

Answers

Answer 1

If all factor are the same,, George would have more money at age 60 since he started saving earlier.


Related Questions

What things need to be added and changed on the U.S. constitution for being overtaken?

Answers

Answer:

To alter the Constitution, an amendment is proposed by Congress and requires a two-thirds majority in both the House and the Senate. After the amendment is approved by Congress, it must be ratified by the legislatures of three-fourths of the states before it is added.

Explanation:

BALANCE THE BUDGET
I would like to see an amendment requiring a balanced “primary” budget, which means that the cost of servicing the national debt would be excluded.

It should contain a provision that Congress must reduce spending proportionately across areas of the federal budget and that tax increases must maintain the present progressivity of the tax code, phased in within ten years of the amendment’s passage.

Without a constitutional mandate, politicians and other citizens simply will not have the will to make the changes necessary to address our looming fiscal crisis.

true or false - military courts impose the death penalty.

Answers

The answer is false. They can not impose the death penalty

Why might a president prefer to issue an executive order instead of relying
on the lawmaking process to take action on an important matter?

Answers

Answer:

A president might prefer an executive order because it is a quicker process then congress having to send the bills to the proper committee; Then having a Debate, and Vote, for both Chambers of Congress; And ultimately the President potentially knows that it may not pass congress, so he uses a Temporary fix.

What is a Chief Justice?

Answers

Answer:

The chief justice is the presiding member of a supreme court in any of many countries with a justice system based on English common law, such as the High Court of Australia, the Supreme Court of Canada

Explanation:

The chief justice is appointed by the president with the advice and consent of the Senate and has life tenure. His primary functions are to preside over the Supreme Court in its public sessions when the court is hearing arguments and during its private conferences when it is discussing and deciding cases.

which is the first language in the world​

Answers

Answer:

Before 1000 BC

Date Language

c. 2600 BC Sumerian

c. 2400 BC Canaanite

c. 2400 BC Akkadian

c. 2400 BC Eblaite

Explanation:

I hope it's help u

Answer:

Sumerian language is known as the first language in the world

a). ¿Por Qué medio se lleva a cabo la política?.
b).¿Que procura la democracia Y por qué medio se lleva a cabo?.

Answers

Es el conjunto de actividades que se asocian con la toma de decisiones en grupo, u otras formas de relaciones de poder entre individuos, como la distribución de recursos o estatus.

El principal objetivo de la democracia es la reducción de la desigualdad. Las democracias se basan en la igualdad política. Todas las personas tienen el mismo peso en la elección de representantes. Paralelamente al proceso de llevar a los individuos a la arena política en pie de igualdad, encontramos crecientes desigualdades económicas.

What things need to be added and changed on the U.S. constitution for being outdated?

Answers

BALANCE THE BUDGET
I would like to see an amendment requiring a balanced “primary” budget, which means that the cost of servicing the national debt would be excluded. NO LIFETIME JOBS FOR SUPREME COURT JUSTICES
If I could amend the Constitution, I would add a provision ending lifetime tenure for federal courts, especially the Supreme Court. I would replace it with a long, nonrenewable term of no more than 20 years. Furthermore, I believe the Chief Justice should not hold this position for life, but for a four-year term that would be renewable.

This reform would reduce the intensity of debate on court nominations because the stakes wouldn’t be so high; it would reduce pressure to appoint young judges who will spend the maximum amount of time on the court; it would reduce pressure on federal judges to avoid retirement lest a member of the opposite party appoint their replacement; and it would bring fresh blood and thinking into the judicial system.

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Answers

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