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a. How much will Selma have when she retires? (Round to the nearest cent.) (Saving for retirementfuture value of an annuity) Selma and Patty Bouvier
a. How much will Selma have when she retires? (Round to the nearest cent.)
(Saving for retirementfuture value of an annuity) Selma and Patty Bouvier are twins and both work at the Springfield DMV. Selma and Patty Bouvier decide to save for retirement, which is 35 years away. TheYll both receive an annual return of 8 percent on their investment over the next 35 years. Selma invests $2,100 per year at the end of each year only for the first 10 years of the 35-year periodfor a total of $21 ,000 saved. Patty doesn't start saving for 10 years and then saves $2,100 per year at the end of each year for the remaining 25 yearsfor a total of $52,500 saved. How much will each of them have when they retire? a. How much will Selma have when she retires? $13 (Round to the nearest cent.)
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