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( Saving for retirement future value of an annuity ) Selma and Patty Bouvier are twins and both work at the Springfield DMV . Selma
Saving for retirementfuture value of an annuity Selma and Patty Bouvier are twins and both work at the Springfield DMV Selma and Patty Bouvier 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?
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