1 point 102 11 Mark has invested 300 at age 16 into a money market account

1 point 102 11 mark has invested 300 at age 16 into a

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(1 point) 10.2% 11. Mark has invested $300 at age 16 into a money market account earning 6%. How many times will Mark’s investmentdouble before age 52? What will his investment be worth? 12. Jackie’s parents invested $3000 into a common stock earning 10% when she was born. How many times will Jackie’s investment double before age 36? What will her investment be worth? What would Jackie’s investment be worth if her parent’s had waited to invest until she was age 7? (3 points) It will have doubled 5 times making it worth $96,000. If they had waited it would be worth $48,000. 13. Provide a reason why is it valuable to invest early. (1 point) If you look at the previous question you can see the difference in waiting only 7 years, the money went from being $48,000 to $96,000 making those 7 years worth $48,000.
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  • Fall '09
  • Money market, Jenny

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