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Business, 26.03.2020 02:59 nadia74

Selma and Patti Bouvier are twins, and both work at the Woodbridge DMV. They decide to save for retirement, which is 35 years away. They'll both receive an 8 percent annual return on their investment over the next 35 years. Selma invests $2,000 per year at the end of each year only for the first 10 years of the 35 year period for a total of $20,000 saved. Patti doesn't start saving for 10 years and then saves $2,000 per year at the end of each year for the remaining 25 years - for a total of $50,000 saved. How much will each of them have when they retire

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Selma and Patti Bouvier are twins, and both work at the Woodbridge DMV. They decide to save for reti...
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