F Applic Question 3: Janet and Denise are twin sisters. They have both been given $15,000 by their grandparents today on their twenty-first birthday. They want to save for their future and have aspirations of one day being millionaires. Each woman plans to make annual contributions on her birthday, beginning next year. Janet has opened a savings account at the National Bank and expects to earn nominal returns of 6% annually. Janet has already decided to deposit $7,500 each year into her investment account. Denise has opened a savings accounts at the Provincial Bank and expects to earn nominal returns of 7% per year. Denise is unsure of the amount she will deposit annually starting next year. How many years will it take Janet before she reaches her investment goal of $1 million? How much should Denise invest each year if she wants to reach the same investment goal ($1 million) at the same time as Janet? O 34.98 years; $6,086.10 O 31.33 years; $8,357.81 O 34.98 years; $5,687.94 O 35.76 years; $5,683.44 L A+