Nancy invested $750 per month in a 401k that earned 6% annual return for 30 years. Alex invested $1,500 per month in a 401k that also earned 6% annual return, but for 15 years. Which
of the following would be true?
Nancy's balance would be greater than Alex's in the end.
O Nancy's balance is $4,308 and Alex's balance is $3,595.
O Alex's balance would be greater than Nancy's in the end.
The investment and balance would be the same in the end.