Jim and Jane are twins. Jane follows the advice of her PFP professor and starts to save right after college. Her brother Jim decides to wait and invest later. Starting at age 21, Jane invests $5,000.00 every year (end of the year) for 10 years when she turns 31. She never contributes another cent. Jim starts saving $5,000.00 at 31 when Jane stops. He contributes $5,000.00 every year (endo of the year) until age 65. Assuming both accounts return 8.00% annually, how much does each twin have in their account at age 65? Does the question ask or are the payments at the beg(gining) or end of the periods?

 What unit of time answers the question?

Do I need to convert other variables to the answers unit of time?

Circle the variable below that answers the question. N = I = PV = PMT = FV =