There are several factors to consider when deciding what investment is best for you. Let’s analyze three investment with different starting values, growth rates, and investment periods.

Option 1: $50 initial investment with an average annual growth rate of 9% starting at age 30
Option 2: $50 initial investment with an average annual growth rate of 8% starting at age 20
Option 3: $100 initial investment with an average annual he with rate of 7% starting at age 25

1. Complete the following table to show the growth of each investment over time. Start by writing the general equation in the top row then use it to complete the rest of the rows. Be sure to start on the appropriate age row for each investment option.

2. Which investment option made the most money after 10 years?

3. Which option yielded the most total money by the time you were 60 years old.

4. After seeing the growth of these investments over time, what is one piece of advice you would give to a friend who is making a long term investment like this?