(Solved): Which of the following people is likely to experience the highest increase in wealth? Assume they a ...

Which of the following people is likely to experience the highest increase in wealth? Assume they are all about the same age and generate approximately the same income from their work. Jericho, who tends to save any surplus funds and invests it in an annuity that pays \( 4 \% \) per year. Cysco, who saves \( 5 \% \) of every paycheck and follows a "buy-and-hold" strategy of investing in a well-diversified portfolio of mostly stocks. Crystal, who diligently puts money aside each paycheck and places it into a savings account at the local bank: Jacob, who gets a good job after completing his college degree and earns a decent salary.