A 20-year old student wants to save $3 a day for her retirement. Every day she places $3 in a drawer. At the end of the year, she invests the accumulated savings ($1,095) in a brokerage account with an expected annual return of 12%. a) How much money will she save when she turns 65 years old? b) If she does not start saving until she is 40 years old, how much will she have by age 65?