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(Saving for retirement-future value of an annuity) Selma and Patty Bouvier are twins and both work at the Springlied DMrV, Seima and Patty Bouvier dxcide

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(Saving for retirement-future value of an annuity) Selma and Patty Bouvier are twins and both work at the Springlied DMrV, Seima and Patty Bouvier dxcide to save for theirement, which is 35 years away. Theyll both receive an annual retum of 11 percent on their investment over the next 35 yearn. 5 Solma invests $2,000 per year al the end of each year only for the first 10 years of the 35 -year period- for a total of 520,000 saved. Patty doesnt start saiving lor 10 yoars and then saives 52,000 per yoar at the end of each year for the femaining 25 years-lor a total of $50,000 saved. How much will each of them have when they retire

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