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Must show all work, steps and formulas to demonstrate understanding. Calculate the future values for Dawn and Dave s investments. a . Dawn invests $
Must show all work, steps and formulas to demonstrate understanding. Calculate the future values for Dawn and Daves investments.
a Dawn invests $ each year of consecutive years, starting at age Assume an annual rate of return with annual compounding. After age she no longer adds to the account, but the money continues to compound. What was Dawns outofpocket amount? How much will Dawn have accumulated by age Show all stepswork to justify your solution.
b Dave invests $ each year for consecutive years, starting at age Assume the same annual rate of return with annual compounding. What was Daves outofpocket amount? How much will Dave have accumulated by age Show all stepswork to justify your solution.
c Who contributed the most outofpocket? Who made the most money? How much did Dave contribute? How much did Dawn make?
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