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( Saving for retirementlong dashfuture value of an annuity ) Selma and Patty Bouvier are twins and both work at the Springfield DMV . Selma
Saving for retirementlong dashfuture value of an annuitySelma 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 $ comma per year at the end of each year only for the first years of theyear periodlong dashfor a total of $ comma saved. Patty doesn't start saving for years and then saves $ comma per year at the end of each year for the remaining yearslong dashfor a total of $ comma saved. How much will each of them have when they retire?
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Part
aHow much will Selma have when she retires?
$
enter your response hereRound to the nearest cent.
Part
bHow much will Patty have when she retires?
$
enter your response hereRound to the nearest cent.
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