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Problem 2 Time Value of Money (10 points) A 20-year-old student wants to start saving for her retirement. At the end of each year, she invests the accumulated savings (1,500) in a brokerage account with an expected annual return of 5% A) If she keeps saving in this manner, how much will she have accumulated at age 657 (5 points) B) A 40-year-old investor also want to start saving for his retirement. How much he have to save each year to accumulate the same amount at 65 as the 20-year-old investor? (5 points)