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Future Value of Annuity. Twins Jessica and Joshua, both 25 , graduated from college and began working in the family restaurant business. The first year,
Future Value of Annuity. Twins Jessica and Joshua, both 25 , graduated from college and began working in the family restaurant business. The first year, Jessica began putting $2,000 per yoar in an individual rebirement account and contributed to it for a total of 10 years. After 10 years she made no further contributions until she retired at age 65 Joshua did not start making contributions to his individual refirement account untlil he was 35 , but he continued making contributions of \$2,000 each year until he refired at age 65 . Assumingithat both Jessica and Joshus receive 10% interest per year, how much will Jessica have at retirement? How much did she contribute in fotal? How much will Joshua have at retirement? How much did he contribute in total? At resifement, Jessica will have? (Round to the nearest dollar) (Use the Financial Tables in Appendix C in computing your answer or you may use the financial calculeter) Future Value of Annuity. Twins Jessica and Joshua, both 25 , graduated from college and began working in the family restaurant business. The first year, Jessica began putting $2,000 per yoar in an individual rebirement account and contributed to it for a total of 10 years. After 10 years she made no further contributions until she retired at age 65 Joshua did not start making contributions to his individual refirement account untlil he was 35 , but he continued making contributions of \$2,000 each year until he refired at age 65 . Assumingithat both Jessica and Joshus receive 10% interest per year, how much will Jessica have at retirement? How much did she contribute in fotal? How much will Joshua have at retirement? How much did he contribute in total? At resifement, Jessica will have? (Round to the nearest dollar) (Use the Financial Tables in Appendix C in computing your answer or you may use the financial calculeter)
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