Question

Kathy and Mark Smith believe investing in their retirement is critical. Kathy began investing 20% of each paycheck in a retirement account when she was 20 years old. She has saved four times more than Mark who began saving when he was 35. If their total retirement savings equals $1,530,000, how much are Kathy’s and Mark's investments worth?

Answer 1

Answer:

Kathy: $1,224,000

Mark: $306,000

Look at the attachment