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Janice plans to save $80 a month, starting today, for 20 years, Kate plans to save $80 a month for 20 years, starting one

Janice plans to save $80 a month, starting today, for 20 years, Kate plans to save $80 a month for 20 years, starting one month from today. Both Janice and Kate expect to earn an average return of 5.5 percent on their savings. Who would have saved more? By how much?

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