r3_b3
General information
Question text: | Consider the following scenario: Jack and Jill are twins. At age 20, Jack started contributing $20 a month to a savings account. After 20 years, when he was age 40, he stopped adding to his savings but left the money in the account. Jill didn’t start to save until she was 40. Then, she saved $20 a month until she retired 20 years later at age 60. Suppose both Jack and Jill earned a 6% return each year on their savings. When they both retired at age 60, who had more money? Select one choice. |
Answer type: | Radio buttons |
Answer options: | 1 Jack 2 Jill 3 They had the same amount 98 Don't know |
Label: | scenario 3 group 3 |
Empty allowed: | One-time warning |
Error allowed: | Not allowed |
Multiple instances: | No |