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Worker a Annually Invests $1,000 in an IRA for Nine

question 7

Essay

Worker A annually invests $1,000 in an IRA for nine years (ages 27 through 35)and never makes another contribution. Worker B annually invests $1,000 in an IRA for thirty years (ages 36 through 65). Which worker will have more in his or her account when he or she retires if they both earn 8 percent on their investments, assuming both investors work for a duration of thirty years?


Definitions:

Hormones

Chemical substances, released from endocrine glands, that travel through the bloodstream to targeted tissues; the tissues are later influenced by the hormones.

Gonads

Sex glands responsible for producing gametes (sperm in males and eggs in females) and sex hormones.

Secondary Sex Characteristics

Physical changes during puberty that are not directly related to reproduction but that indicate the differences between the sexes.

Endocrine System

A communication system that uses hormones to influence mental activity and behavior.

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