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Calculate the future values for Dawn and Dave s investments. a . Dawn invests $ 2 0 0 0 each year of 1 0 consecutive

Calculate the future values for Dawn and Daves investments.
a. Dawn invests $2000 each year of 10 consecutive years, starting at age 25. Assume an 8% annual rate of return with annual compounding. After age 35 she no longer adds to the account, but the money continues to compound. What was Dawns out-of-pocket amount? How much will Dawn have accumulated by age 65? Show all steps/work and formulas to justify your solution.

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