Question
Selma and Patty Bouvier are twins and both work at the Springfield DMV. Selma and Patty Bouvier decide to save for retirement, which is 35
Selma and Patty Bouvier are twins and both work at the Springfield DMV. Selma and Patty Bouvier decide to save for retirement, which is 35 years away. They'll both receive an annual return of
9
percent on their investment over the next 35 years. Selma invests
$ 2 comma 500
per year at the end of each year only for the first 10 years of the 35-year
periodlong dash
for
a total of
$ 25 comma 000
saved. Patty doesn't start saving for 10 years and then saves
$ 2 comma 500
per year at the end of each year for the remaining 25
yearslong dash
for
a total of
$ 62 comma 500
saved. How much will each of them have
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