Need Help with this question. Is it a ordinary annuity or annuity due? and Why?
Consider two outcomes of your life: (1) you invest $1,000 per year in the stock market, starting when you’re 25, or (2) you invest $2,000 per year in the stock market starting when you’re 35. The average annual return on the stock market is 12%. How much more or less will you have when you're 65 with the second path vs. the first path?
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