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(Saving for retirement - future value of an annuliy) Seima and Patty Bouver ars twins and both woek at the Springfeld DMV. Sema and Patty

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(Saving for retirement - future value of an annuliy) Seima and Patty Bouver ars twins and both woek at the Springfeld DMV. Sema and Patty Bouver decide to awob for relcoment, mich is 35 years away. Theyli both receive an annual return of 8 percent on their livestment over the next 35 years. Solna invests $2,000 per year at the end of each year only for the frat fo years of the 35.year penod-for a totat of $20,000 saved. Patty doesnt start saving for 10 yoars and then saves $2,000 per year at the end of each yoar for the romaning 25 years - for a total of $50,000 saved. How much wit each of them hewe when they retire? a. How much wili Solma have when she retires? (Round to the nearest cent) b. How much will Paty have when she retres? (Round to the nearest cent.)

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