twin boys (both 18 years old) inherit $100,000 each from a deceased uncle. the first twin uses the money to pay for a college degree and soon lands a job paying $70,000/yr the other twin just gets a job paying $20,000 per year. but invests the $100.000 at 10% annually in the stock market. For argument's sake let's assume both brothers spend every cent they earn for the rest of their lives (they both ';keep up with the Jone's'; and live paycheck to paycheck and do no other investing).In his lifetime which brother has earned more money by the time they are 65 years old (again for the sake of argument assume neither brother ever gets a raise or just take the salaries as being averages) ? and how much?
u can calculate interest at
http://www.moneychimp.com/calculator/com...
(note: i do have a college degree myself, but I'm just wondering if it was worth it)