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( Future value ) Selma and Patty Bouvier are twins, and both work at the Springfield DMV . They decide to save for retirement, which
Future value Selma and Patty Bouvier are twins, and both work at the Springfield DMV They decide to
save for retirement, which is years away. They'll both receive an annual return of percent on their
investment over the next years. Selma invests $ per year at the end of each year only for the first
years of the year periodfor a total of $ saved. Patty doesn't start saving for years and then
saves $ per year at the end of each year for the remaining yearsfor a total of $ saved.
How much will each of them have when they retire?
a Selma invests $ per year at the end of each year only for the first years of the year period.
How much will Selma have years from now?
$
Round to the nearest cent.
b How much will Selma have when she retires years from now?
$
Round to the nearest cent.
c Patty doesn't start saving for years and then saves $ per year at the end of each year for the
remaining years. How much will Patty have when she retires years from now?
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