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8 Person A opens an retiremwnt account at age 2 5 , contributes $ 2 0 0 0 / year for 1 0 years, but

8
Person A opens an retiremwnt account at age 25, contributes $2000/year for 10 years, but makes no additional contributions thereafter. Person B waits until age 35 to open an retirement and contributes $2000 year for 30 years. There is no initial investment in either case.
(a) Assuming a return rate of 8%. what is the balance in each Retirement account at age 65?
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